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

SB 2074: Taxes, Real Property - As introduced, enacts the "Local Government Revenue Stability Act," which replaces property taxes with a statewide 4 percent surtax on the sale of goods and services to be collected in the same manner as the sales and use tax and disbursed to local governments. - Amends TCA Title 5; Title 6; Title 7; Title 49; Title 54 and Title 67.

In committee Last action February 5, 2026: Passed on Second Consideration, refer to Senate State and Local Government Committee

Plain-language summary

SB 2074 is a bill introduced in the Tennessee Senate on January 22, 2026. According to its official title, it concerns: Taxes, Real Property - As introduced, enacts the "Local Government Revenue Stability Act," which replaces property taxes with a statewide 4 percent surtax on the sale of goods and services to be collected in the same manner as the sales and use tax and disbursed to local governments. - Amends TCA Title 5; Title 6; Title 7; Title 49; Title 54 and Title 67. Primary sponsor: Bo Watson (Republican). Most recent recorded action (February 5, 2026): Passed on Second Consideration, refer to Senate State and Local Government Committee.

Sponsors

Primary sponsor: Bo Watson (Republican).