The amendment that makes the bill has not passed yet.

This is the current bill posture.

Key changes and elements to the bill are the following:

• The business global revenue exclusion changed from $2M to $10M

  After receiving feedback from the Tennessee Chamber of Commerce, the cap is now $10M, which exempts all small businesses as defined by the state of Tennessee (any business with annual revenue less than $10M). As such, 99.5% of businesses will be exempt.

• Restaurants, food carts, or similar businesses are excluded from the Producer definition

  Specific language has been added to the producer definition to exclude restaurants, food carts, and similar businesses.

• The fiscal note has been eliminated as the Producer Responsibility Organization (PRO) reimbursement is paid back within the first year

  The bill is now net neutral as the organizational costs for establishing the PRO are required to be paid back within the first year, thus eliminating the requirement for the state to record it as a cost. (This has been verified with the fiscal review department.)

• 1-ton exemption

  In addition to the $10M cap, there is a 1-ton exemption for any business generating less than 1-ton of packaging material on an annual basis.