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HB0726 • 2026

Real Property

AN ACT to amend Tennessee Code Annotated, Title 67, relative to taxation.

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Hicks G, Harshbarger
Last action
2025-05-27
Official status
Effective date(s) 05/21/2025
Effective date
Not listed

Plain English Breakdown

Checked against official source text during the last sync.

Amending Taxation Rules for Property Damage

This bill changes the deadline for property damage assessment and alters how real estate values are maintained.

What This Bill Does

  • Extends the deadline from January 28, 2025 to April 15, 2025 for assessors to determine if property was damaged by a disaster.
  • Allows an alternate reappraisal plan to be used with or without indexing instead of replacing it entirely.
  • Removes the requirement that the state supervises all real estate revaluation programs.

Who It Names or Affects

  • Property owners who need assessment for damage from disasters.
  • Assessors and the State Board of Equalization responsible for property assessments.

Terms To Know

Qualified disaster
A significant event like a flood or fire that damages property.
Indexing
Adjusting the value of real estate based on inflation or other factors over time.

Limits and Unknowns

  • The bill does not specify how much funding is provided for direct payments from the comptroller.
  • It's unclear what happens if an assessor misses the new deadline for property damage assessment.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

Amendment 1-0 to HB0726

Plain English: This amendment changes parts of Tennessee's tax laws related to property that was damaged or destroyed in a disaster and modifies how certain taxes are calculated.

  • Removes part (b)(1)(A) from the section added by Chapter 6 of the Public Acts of the First Extraordinary Session of 2025, replacing it with new language about property damage due to a qualified disaster as determined by April 15, 2025.
  • Changes 'in lieu of' to 'with or without' in Section 67-5-1601(a)(3) of the Tennessee Code Annotated.
  • Removes the last sentence from Section 67-5-1601(b)(3).
  • The amendment text does not provide specific details about what constitutes a 'qualified disaster' or how it will be determined by the assessor of property.
Amendment 1-0 to SB0782

Plain English: This amendment changes parts of Tennessee's tax laws related to property damage from disasters and how certain taxes are calculated.

  • Removes specific criteria for property damage claims due to disasters as determined by April 15, 2025.
  • Changes the phrase 'in lieu of' to 'with or without' in a section about tax exemptions.
  • Eliminates the last sentence from another part of the tax code.
  • The exact impact and details of removing criteria for disaster-damaged property claims are not fully explained.

Bill History

  1. 2025-05-27 Tennessee General Assembly

    Effective date(s) 05/21/2025

  2. 2025-05-27 Tennessee General Assembly

    Pub. Ch. 498

  3. 2025-05-27 Tennessee General Assembly

    Comp. became Pub. Ch. 498

  4. 2025-05-21 Tennessee General Assembly

    Signed by Governor.

  5. 2025-05-09 Tennessee General Assembly

    Transmitted to Governor for his action.

  6. 2025-05-08 Tennessee General Assembly

    Signed by Senate Speaker

  7. 2025-04-30 Tennessee General Assembly

    Signed by H. Speaker

  8. 2025-04-28 Tennessee General Assembly

    Enrolled; ready for sig. of H. Speaker.

  9. 2025-04-23 Tennessee General Assembly

    Sponsor(s) Added.

  10. 2025-04-22 Tennessee General Assembly

    Passed Senate, Ayes 33, Nays 0

  11. 2025-04-22 Tennessee General Assembly

    Amendment withdrawn. (Amendment 1 - SA0328)

  12. 2025-04-22 Tennessee General Assembly

    Senate substituted House Bill for companion Senate Bill.

  13. 2025-04-22 Tennessee General Assembly

    Received from House, Passed on First Consideration

  14. 2025-04-22 Tennessee General Assembly

    Companion House Bill substituted

  15. 2025-04-21 Tennessee General Assembly

    Engrossed; ready for transmission to Sen.

  16. 2025-04-21 Tennessee General Assembly

    Passed H., as am., Ayes 91, Nays 0, PNV 0

  17. 2025-04-21 Tennessee General Assembly

    Sponsor(s) Added.

  18. 2025-04-21 Tennessee General Assembly

    H. adopted am. (Amendment 1 - HA0349)

  19. 2025-04-21 Tennessee General Assembly

    Placed on Senate Regular Calendar for 4/22/2025

  20. 2025-04-21 Tennessee General Assembly

    Sponsor(s) Added.

  21. 2025-04-21 Tennessee General Assembly

    Recommended for passage, refer to Senate Calendar Committee

  22. 2025-04-17 Tennessee General Assembly

    H. Placed on Regular Calendar for 4/21/2025

  23. 2025-04-17 Tennessee General Assembly

    Placed on cal. Calendar & Rules Committee for 4/17/2025

  24. 2025-04-17 Tennessee General Assembly

    Rec. for pass; ref to Calendar & Rules Committee

  25. 2025-04-17 Tennessee General Assembly

    Rec. for pass by s/c ref. to Finance, Ways, and Means Committee

  26. 2025-04-17 Tennessee General Assembly

    Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2025

  27. 2025-04-16 Tennessee General Assembly

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/17/2025

  28. 2025-04-14 Tennessee General Assembly

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025

  29. 2025-04-14 Tennessee General Assembly

    Placed behind the budget

  30. 2025-04-14 Tennessee General Assembly

    Placed on Senate Finance, Ways, and Means Committee calendar for 4/15/2025

  31. 2025-04-14 Tennessee General Assembly

    Rule #83(8) Suspended, to be heard in Senate Finance, Ways & Means Committee on 4/15/2025

  32. 2025-04-09 Tennessee General Assembly

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025

  33. 2025-04-08 Tennessee General Assembly

    Assigned to s/c Finance, Ways, and Means Subcommittee

  34. 2025-04-08 Tennessee General Assembly

    Sponsor(s) Added.

  35. 2025-04-08 Tennessee General Assembly

    Rec. for pass. if am., ref. to Finance, Ways, and Means Committee

  36. 2025-04-02 Tennessee General Assembly

    Placed on cal. State & Local Government Committee for 4/9/2025

  37. 2025-04-02 Tennessee General Assembly

    Sponsor(s) Added.

  38. 2025-04-02 Tennessee General Assembly

    Recommended for passage with amendment/s, refer to Senate Finance, Ways, and Means Committee Ayes 9, Nays 0 PNV 0

  39. 2025-04-01 Tennessee General Assembly

    Rec for pass if am by s/c ref. to State & Local Government Committee

  40. 2025-04-01 Tennessee General Assembly

    Placed on Senate State and Local Government Committee calendar for 4/2/2025

  41. 2025-04-01 Tennessee General Assembly

    Action deferred in Senate State and Local Government Committee to 4/2/2025

  42. 2025-03-27 Tennessee General Assembly

    Placed on s/c cal Cities & Counties Subcommittee for 4/1/2025

  43. 2025-03-26 Tennessee General Assembly

    Placed on Senate State and Local Government Committee calendar for 4/1/2025

  44. 2025-03-24 Tennessee General Assembly

    Assigned to s/c Cities & Counties Subcommittee

  45. 2025-03-24 Tennessee General Assembly

    Ref. to State & Local Government Committee

  46. 2025-02-12 Tennessee General Assembly

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

  47. 2025-02-10 Tennessee General Assembly

    Introduced, Passed on First Consideration

  48. 2025-02-06 Tennessee General Assembly

    P2C, caption bill, held on desk - pending amdt.

  49. 2025-02-05 Tennessee General Assembly

    Intro., P1C.

  50. 2025-02-04 Tennessee General Assembly

    Filed for introduction

  51. 2025-02-03 Tennessee General Assembly

    Filed for introduction

Official Summary Text

ON APRIL 21, 2025, THE HOUSE ADOPTED AMENDMENT #1 AND PASSED HOUSE BILL 726, AS AMENDED.

AMENDMENT #1 rewrites
this bill to extend from January 28, 2025, to April 15, 2025, the date by which an assessor must have determined that property was destroyed or damaged by a qualified disaster in order for the owner to be eligible for a direct payment from the comptroller

of the treasury.

Present law authorizes the state
board
of equalization to
approve a reappraisal plan specifying a schedule for continuous on-site review or photo review that is different than the standard schedule, but that is no longer than four years.

The board shall consider a plan submitted by an assessor which would have the effect of maintaining real property values at full value as defined by law on a schedule at least as frequent as
the general schedule
, and if the board finds the plan would ach
ieve this effect, the plan
must be
implemented in lieu of indexing.
This amendment changes present law by authorizing such an alternate plan to be implemented with or without, rather than in lieu of, indexing.

This amendment also deletes a present law r
equirement that t
he division
of property assessments
supervise and direct all reappraisals and revaluation programs, to the cost of which the state of Tennessee contributes.

Current Bill Text

Read the full stored bill text 
SENATE BILL 782
By Harshbarger

HOUSE BILL 726
By Hicks G

HB0726
002751
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 67,
relative to taxation.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 67-5-701(d)(1), is amended by
deleting the language "thirty-five (35) days" and substituting instead the language "forty (40)
days".
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.