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TennesseeSB 0198114th General Assembly (2025-2026)SenateWALLET

AN ACT to amend Tennessee Code Annotated, Title 67, relative to taxes.

Sponsored By: Ferrell Haile, Ferrell (Republican)

Became Law

Taxes, Real Property

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Credits for large property tax refunds

Counties and cities can settle a property tax dispute by turning a refund over $500,000 into yearly credits on future taxes for the same parcel. The refund must be paid in full within 10 years. The deal must be a written settlement, signed by the chief elected official and the taxpayer, and filed with the state comptroller within 30 days. The taxpayer must waive penalties. Interest adds to the refund unless you also agree in writing to waive it; if waived, past and future interest is not owed. Local governments may accept prepayments and partial payments. This authority ends June 30, 2041.

Sponsors & Cosponsors

Sponsor

  • Ferrell Haile, Ferrell

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 127 • No: 0

House vote • 4/21/2026

FLOOR VOTE: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION 4/21/2026

Yes: 88 • No: 0

Senate vote • 3/26/2026

FLOOR VOTE: as Amended Third Consideration 3/26/2026

Yes: 31 • No: 0

Senate vote • 3/17/2026

SENATE STATE & LOCAL GOVERNMENT COMMITTEE

Yes: 8 • No: 0

Actions Timeline

  1. Pub. Ch. 1049

    5/27/2026

  2. Effective date(s) 05/22/2026

    5/27/2026

  3. Signed by Governor.

    5/22/2026Senate

  4. Transmitted to Governor for action.

    5/11/2026Senate

  5. Signed by H. Speaker

    5/7/2026House

  6. Signed by Senate Speaker

    4/30/2026Senate

  7. Enrolled and ready for signatures

    4/27/2026Senate

  8. Subst. for comp. HB.

    4/21/2026House

  9. Am. withdrawn. (Amendment 1 - HA1136)

    4/21/2026House

  10. Passed H., Ayes 88, Nays 0, PNV 0

    4/21/2026House

  11. Rcvd. from S., held on H. desk.

    3/30/2026House

  12. Senate adopted Amendment (Amendment 1 - SA0742)

    3/26/2026Senate

  13. Passed Senate as amended, Ayes 31, Nays 0

    3/26/2026Senate

  14. Engrossed; ready for transmission to House

    3/26/2026Senate

  15. Placed on Senate Regular Calendar for 3/26/2026

    3/24/2026Senate

  16. Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 8, Nays 0 PNV 1

    3/17/2026Senate

  17. Placed on Senate State and Local Government Committee calendar for 3/17/2026

    3/11/2026Senate

  18. Action deferred in Senate State and Local Government Committee to 3/17/2026

    3/10/2026Senate

  19. Placed on Senate State and Local Government Committee calendar for 3/10/2026

    3/3/2026Senate

  20. Passed on Second Consideration, refer to Senate State and Local Government Committee

    2/10/2025Senate

  21. Introduced, Passed on First Consideration

    1/27/2025Senate

  22. Filed for introduction

    1/16/2025Senate

Bill Text

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