Amends TCA Title 48 and Title 67, Chapter 5.
Tennessee SB2064 mandates that local governmental entities must conduct a referendum to obtain voter approval for any proposed property tax increase that exceeds certain specified thresholds. This bill affects local governments and their ability to raise property taxes without direct voter consent. Key provisions include the establishment of the thresholds that trigger the requirement for a referendum.
Tennessee SB2064 mandates that local governmental entities must conduct a referendum to obtain voter approval for any proposed property tax increase that exceeds certain specified thresholds. This bill affects local governments and their ability to raise property taxes without direct voter consent. Key provisions include the establishment of the thresholds that trigger the requirement for a referendum.
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