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

SB 2002: Taxes, Real Property - As introduced, limits the setting of the tax rate on property by a county, municipality, metropolitan government, or other taxing entity in any fiscal year at a rate that would render in total receipts from all levies an amount more than the receipts from that source from the immediately preceding fiscal year for the county, municipality, metropolitan government, or other taxing jurisdiction, plus an additional 2 percent, subject to certain exceptions; establishes a procedure by which the 2 percent increase may be exceeded by passage of a referendum. - Amends TCA Title 67, Chapter 5.

In committee Last action March 24, 2026: Assigned to General Subcommittee of Senate State and Local Government Committee

Plain-language summary

SB 2002 is a bill introduced in the Tennessee Senate on January 22, 2026. According to its official title, it concerns: Taxes, Real Property - As introduced, limits the setting of the tax rate on property by a county, municipality, metropolitan government, or other taxing entity in any fiscal year at a rate that would render in total receipts from all levies an amount more than the receipts from that source from the immediately preceding fiscal year for the county, municipality, metropolitan government, or other taxing jurisdiction, plus an additional 2 percent, subject to certain exceptions; establishes a procedure by which the 2 percent increase may be exceeded by passage of a referendum. - Amends TCA Title 67, Chapter 5. Primary sponsor: Joey Hensley (Republican). Most recent recorded action (March 24, 2026): Assigned to General Subcommittee of Senate State and Local Government Committee.

Sponsors

Primary sponsor: Joey Hensley (Republican).