· TN legislature · 114

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.

Sponsor

Bo Watson (R-TN)

Introduced

2026-01-22

Latest action

Passed on Second Consideration, refer to Senate State and Local Government Committee