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SB2074

AN ACT to amend Tennessee Code Annotated, Title 5; Title 6; Title 7; Title 49; Title 54 and Title 67, relative to the Local Government Revenue Stability Act.

Introduced·1/22/26
Draft Text

Tennessee SB2074 amends state law to establish a Local Government Revenue Stability Tax, replacing property taxes.

Tennessee SB2074 amends state law to establish a Local Government Revenue Stability Tax, replacing property taxes. The bill creates a dedicated account in the state treasury to collect a 4% surtax on sales, effective January 1, 2031. This surtax funds a replacement revenue system for local governments, guaranteeing them the equivalent of their 2028 property tax revenues, adjusted annually for economic growth.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
State and Local Government Committee
Next
Committee decision

Sponsors

0
1
R
Democratic CaucusRepublican Caucus

History

Feb 5

Senate

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

Feb 2

Senate

Introduced, Passed on First Consideration

Jan 22

Senate

Filed for introduction