Tennessee · 114th Regular Session (2025-2026) · Bill

SB 1398: Taxes, Real Property - As enacted, limits the authority of a special purpose corporation to negotiate and enter into PILOT agreements with the corporation's lessees, as delegated to it by a municipality, if certain written notice is not provided to certain chief executive officers of taxing jurisdictions; voids PILOT agreements entered into by the special purpose corporation if such notice is not provided. - Amends TCA Title 48 and Title 67.

Enacted Last action May 5, 2026: Pub. Ch. 820

Plain-language summary

SB 1398 is a bill introduced in the Tennessee Senate on February 6, 2025. According to its official title, it concerns: Taxes, Real Property - As enacted, limits the authority of a special purpose corporation to negotiate and enter into PILOT agreements with the corporation's lessees, as delegated to it by a municipality, if certain written notice is not provided to certain chief executive officers of taxing jurisdictions; voids PILOT agreements entered into by the special purpose corporation if such notice is not provided. - Amends TCA Title 48 and Title 67. Primary sponsor: Bo Watson (Republican). Most recent recorded action (May 5, 2026): Pub. Ch. 820.

Sponsors

Primary sponsor: Bo Watson (Republican).