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

SB 539: Taxes, Real Property - As enacted, establishes the process for property tax assessment and valuation of multi-unit rental housing that receives a federal, state, or local incentive based on low-income renter restrictions. - Amends TCA Title 7; Title 13; Title 48; Title 49; Title 67 and Title 68.

Enacted Last action May 27, 2026: Pub. Ch. 1053

Plain-language summary

SB 539 is a bill introduced in the Tennessee Senate on January 30, 2025. According to its official title, it concerns: Taxes, Real Property - As enacted, establishes the process for property tax assessment and valuation of multi-unit rental housing that receives a federal, state, or local incentive based on low-income renter restrictions. - Amends TCA Title 7; Title 13; Title 48; Title 49; Title 67 and Title 68. Primary sponsor: Stevens. Most recent recorded action (May 27, 2026): Pub. Ch. 1053.

Sponsors

Primary sponsor: Stevens.