Local Government Revenue Stability Act
Amends TCA Title 5; Title 6; Title 7; Title 49; Title 54 and Title 67.
Tennessee SB2074, titled the "Local Government Revenue Stability Act," proposes to replace property taxes with a statewide 4 percent surtax on the sale of goods and services, which would be collected similarly to the existing sales and use tax. This bill affects local governments by providing them with a new revenue source while eliminating reliance on property taxes. Key provisions include the implementation of the surtax and the mechanism for its collection and disbursement to local entities.
Tennessee SB2074, titled the "Local Government Revenue Stability Act," proposes to replace property taxes with a statewide 4 percent surtax on the sale of goods and services, which would be collected similarly to the existing sales and use tax. This bill affects local governments by providing them with a new revenue source while eliminating reliance on property taxes. Key provisions include the implementation of the surtax and the mechanism for its collection and disbursement to local entities.
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Watson, Bo
114th General Assembly
January 22, 2026
February 5, 2026
Passed on Second Consideration, refer to Senate State and Local Government Committee