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.

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.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written