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TennesseeSB 1398114th General Assembly (2025-2026)Senate

AN ACT to amend Tennessee Code Annotated, Title 48 and Title 67, relative to real property taxes.

Sponsored By: Sponsor information unavailable

Signed by Governor

Taxes, Real Property

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Bill Overview

Analyzed Economic Effects

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

New rules for local property tax deals

The law took effect upon becoming law. Municipalities can authorize corporations to negotiate agreements with their tenants for payments instead of property taxes. The municipality must find that this authority serves the corporation’s public purposes, and it can require its lawmakers’ approval. When proposed payments fall below normal taxes, the corporation must notify each affected taxing jurisdiction’s chief executive in writing. Each chief executive can state no objection or require approval by that jurisdiction’s lawmakers before the agreement is signed. The corporation can proceed if the chief executive does not respond within 10 days after receiving notice. For projects inside municipal limits, payments are split between the municipality and county using the tax split on the agreement’s signing date. Agreements entered into on or after July 1, 2026, are void and unenforceable if they violate the required authorization and review process. The law does not set household tax rates or payment amounts.

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 119 • No: 10

House vote • 4/9/2026

FLOOR VOTE: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION 4/9/2026

Yes: 78 • No: 10

Senate vote • 4/6/2026

FLOOR VOTE: as Amended Third Consideration 4/6/2026

Yes: 33 • No: 0

Senate vote • 3/25/2026

SENATE STATE & LOCAL GOVERNMENT COMMITTEE

Yes: 8 • No: 0

Actions Timeline

  1. Effective date(s) 04/27/2026

    5/5/2026

  2. Pub. Ch. 820

    5/5/2026

  3. Signed by Governor.

    4/27/2026Senate

  4. Transmitted to Governor for action.

    4/17/2026Senate

  5. Signed by H. Speaker

    4/16/2026House

  6. Signed by Senate Speaker

    4/14/2026Senate

  7. Enrolled and ready for signatures

    4/9/2026Senate

  8. Passed H., Ayes 78, Nays 10, PNV 3

    4/9/2026House

  9. Am. withdrawn. (Amendment 1 - HA1009)

    4/9/2026House

  10. Subst. for comp. HB.

    4/9/2026House

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

    4/8/2026House

  12. Engrossed; ready for transmission to House

    4/6/2026Senate

  13. Passed Senate as amended, Ayes 33, Nays 0

    4/6/2026Senate

  14. Senate adopted Amendment (Amendment 1 - SA0895)

    4/6/2026Senate

  15. Placed on Senate Regular Calendar for 4/6/2026

    4/2/2026Senate

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

    3/25/2026Senate

  17. Placed on Senate State and Local Government Committee calendar for 3/25/2026

    3/25/2026Senate

  18. Placed on Senate State and Local Government Committee calendar for 3/25/2026

    3/24/2026Senate

  19. Action deferred in Senate State and Local Government Committee to 3/25/2026

    3/24/2026Senate

  20. Placed on Senate State and Local Government Committee calendar for 3/24/2026

    3/18/2026Senate

  21. Action deferred in Senate State and Local Government Committee to 3/24/2026

    3/17/2026Senate

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

    3/11/2026Senate

  23. Sponsor change.

    3/3/2026Senate

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

    2/12/2025Senate

  25. Introduced, Passed on First Consideration

    2/10/2025Senate

Bill Text

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