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Bill > HB2323
TN HB2323
TN HB2323AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 29, relative to privilege tax on property development.
summary
Introduced
02/02/2026
02/02/2026
In Committee
02/05/2026
02/05/2026
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, authorizes municipalities to levy a tax on the privilege of engaging in the act of development within the boundaries of the municipality; requires such tax to be levied at the rate and under the terms, conditions, and limitations contained in present law that apply to counties. - Amends TCA Title 67, Chapter 4, Part 29.
AI Summary
This bill allows municipalities, which are incorporated cities or towns without their own school systems, to impose a tax on the act of development within their boundaries. This new tax would follow the same rules, rates, and limitations that currently apply to counties levying similar taxes under Tennessee Code Annotated, Title 67, Chapter 4, Part 29. The revenue generated from this development tax must be used exclusively for funding capital improvement projects related to transportation infrastructure, such as roads, streets, sidewalks, and trails, within the municipality.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Assigned to s/c Cities & Counties Subcommittee (on 02/05/2026)
bill text
bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/Default?BillNumber=HB2323&ga=114 |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/HB2323.pdf |
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