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Bill > SB1961
TN SB1961
TN SB1961AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 5, relative to property taxes.
summary
Introduced
01/22/2026
01/22/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, requires the notification submitted by the director of the division of property assessments to the commissioner of finance and administration of the default by a county or city in the repayment of a loan provided by the state to finance the city's or county's real property reappraisal program to be in writing. - Amends TCA Title 67, Chapter 5.
AI Summary
This bill amends Tennessee Code Annotated, Title 67, Chapter 5, which deals with property taxes, by requiring that any notification submitted by the director of the division of property assessments to the commissioner of finance and administration regarding a county or city defaulting on a loan from the state used to fund their real property reappraisal program must be in writing. A "reappraisal program" refers to the process of re-evaluating the value of real estate within a county or city for tax purposes, and loans are sometimes provided by the state to help finance these programs. The bill specifically inserts the phrase "in writing" after the word "notify" in the relevant section of the law, ensuring a formal, documented record of such defaults.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Senate Revenue Subcommittee Of Finance, Ways & Means Hearing (00:00:00 3/3/2026 Cordell Hull Building) (on 03/03/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB1961&ga=114 |
| Fiscal Note - SB1961 | https://www.capitol.tn.gov/Bills/114/Fiscal/SB1961.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/SB1961.pdf |
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