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SB1398 • 2026

Taxes, Real Property

AN ACT to amend Tennessee Code Annotated, Title 48 and Title 67, relative to real property taxes.

Taxes
Active

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

Sponsor
Watson, Todd
Last action
2026-05-05
Official status
Effective date(s) 04/27/2026
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Taxes, Real Property

ON APRIL 6, 2026, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 1398, AS AMENDED.

What This Bill Does

  • ON APRIL 6, 2026, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 1398, AS AMENDED.
  • AMENDMENT #1 r ewrites this bill to add to present law concerning delegations of municipal authority to a special purpose corporation for purposes of entering into payment in lieu of taxes (PILOT) agreements with the corporation's lessees.
  • Present law authorizes a municipality to delegate to a special purpose corporation the authority to negotiate and enter into PILOT agreements with the corporation's lessees; provided, that such authorization must only be granted upon a finding that such payments are deemed to be in furtherance of the corporation's public purposes .
  • The legislative body of the municipality making such delegation may, in its sole discretion, require the corporation to submit any such agreement to the legislative body for its approval.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Amendments

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

Amendment 1-0 to HB0890

Plain English: House State & Local Government 1 Amendment No.

  • House State & Local Government 1 Amendment No.
  • 1 to HB0890 Crawford Signature of Sponsor AMEND Senate Bill No.
  • 1398 House Bill No.
  • 890* HA1009 016686 - 1 - by deleting all language after the enacting clause and substituting: SECTION 1.
Amendment 1-0 to SB1398

Plain English: Senate State and Local Government 1 Amendment No.

  • Senate State and Local Government 1 Amendment No.
  • 1 to SB1398 Briggs Signature of Sponsor AMEND Senate Bill No.
  • 1398 House Bill No.
  • 890* SA0895 016686 - 1 - by deleting all language after the enacting clause and substituting: SECTION 1.

Bill History

  1. 2026-05-05 Tennessee General Assembly

    Effective date(s) 04/27/2026

  2. 2026-05-05 Tennessee General Assembly

    Pub. Ch. 820

  3. 2026-05-05 Tennessee General Assembly

    Comp. became Pub. Ch. 820

  4. 2026-04-27 Tennessee General Assembly

    Signed by Governor.

  5. 2026-04-17 Tennessee General Assembly

    Transmitted to Governor for action.

  6. 2026-04-16 Tennessee General Assembly

    Signed by H. Speaker

  7. 2026-04-14 Tennessee General Assembly

    Signed by Senate Speaker

  8. 2026-04-09 Tennessee General Assembly

    Enrolled and ready for signatures

  9. 2026-04-09 Tennessee General Assembly

    Passed H., Ayes 78, Nays 10, PNV 3

  10. 2026-04-09 Tennessee General Assembly

    Am. withdrawn. (Amendment 1 - HA1009)

  11. 2026-04-09 Tennessee General Assembly

    Subst. for comp. HB.

  12. 2026-04-09 Tennessee General Assembly

    Comp. SB subst.

  13. 2026-04-08 Tennessee General Assembly

    Rcvd. from S., held on H. desk.

  14. 2026-04-06 Tennessee General Assembly

    Engrossed; ready for transmission to House

  15. 2026-04-06 Tennessee General Assembly

    Passed Senate as amended, Ayes 33, Nays 0

  16. 2026-04-06 Tennessee General Assembly

    Senate adopted Amendment (Amendment 1 - SA0895)

  17. 2026-04-02 Tennessee General Assembly

    Placed on Senate Regular Calendar for 4/6/2026

  18. 2026-04-02 Tennessee General Assembly

    H. Placed on Regular Calendar for 4/9/2026

  19. 2026-04-01 Tennessee General Assembly

    Placed on cal. Calendar & Rules Committee for 4/2/2026

  20. 2026-04-01 Tennessee General Assembly

    Rec. for pass. if am., ref. to Calendar & Rules Committee

  21. 2026-03-25 Tennessee General Assembly

    Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 8, Nays 0 PNV 0

  22. 2026-03-25 Tennessee General Assembly

    Placed on Senate State and Local Government Committee calendar for 3/25/2026

  23. 2026-03-25 Tennessee General Assembly

    Placed on cal. State & Local Government Committee for 3/31/2026

  24. 2026-03-25 Tennessee General Assembly

    Action def. in State & Local Government Committee to 3/31/2026

  25. 2026-03-24 Tennessee General Assembly

    Placed on Senate State and Local Government Committee calendar for 3/25/2026

  26. 2026-03-24 Tennessee General Assembly

    Action deferred in Senate State and Local Government Committee to 3/25/2026

  27. 2026-03-18 Tennessee General Assembly

    Placed on Senate State and Local Government Committee calendar for 3/24/2026

  28. 2026-03-18 Tennessee General Assembly

    Placed on cal. State & Local Government Committee for 3/24/2026

  29. 2026-03-18 Tennessee General Assembly

    Action def. in State & Local Government Committee to 3/24/2026

  30. 2026-03-17 Tennessee General Assembly

    Action deferred in Senate State and Local Government Committee to 3/24/2026

  31. 2026-03-11 Tennessee General Assembly

    Placed on Senate State and Local Government Committee calendar for 3/17/2026

  32. 2026-03-11 Tennessee General Assembly

    Placed on cal. State & Local Government Committee for 3/18/2026

  33. 2026-03-11 Tennessee General Assembly

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

  34. 2026-03-04 Tennessee General Assembly

    Placed on s/c cal Cities & Counties Subcommittee for 3/11/2026

  35. 2026-03-04 Tennessee General Assembly

    Assigned to s/c Cities & Counties Subcommittee

  36. 2026-03-04 Tennessee General Assembly

    Ref. to State & Local Government Committee

  37. 2026-03-03 Tennessee General Assembly

    Sponsor change.

  38. 2025-05-13 Tennessee General Assembly

    Sponsor(s) Added.

  39. 2025-02-12 Tennessee General Assembly

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

  40. 2025-02-10 Tennessee General Assembly

    Introduced, Passed on First Consideration

  41. 2025-02-06 Tennessee General Assembly

    Filed for introduction

  42. 2025-02-06 Tennessee General Assembly

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

  43. 2025-02-05 Tennessee General Assembly

    Intro., P1C.

  44. 2025-02-04 Tennessee General Assembly

    Filed for introduction

Official Summary Text

ON APRIL 6,
2026, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 1398, AS AMENDED.

AMENDMENT #1 r
ewrites this bill to add to present law concerning delegations of municipal authority to a special purpose corporation for purposes of entering into payment in lieu of taxes (PILOT) agreements with the corporation's lessees.

Present law authorizes a

municipality
to
delegate to a
special purpose
corporation the authority to negotiate and enter into
PILOT agreements with the
corporation's lessees; provided, that such authorization must only be granted upon a finding that such payments are deemed to be in furtherance of the corporation's public purposes
. The
legislative body of the municipality making such delegation may, in its sole discretion, require the corporation to submit any such agreement to the legislative body for its
approval.

This amendment adds that,
if the proposed agreement would result in
PILOT
payments
b
eing made to any taxing jurisdiction that are less than the taxes that otherwise would be payable to such jurisdiction, then the corporation shall not enter into any such agreement until the corporation has given written notice of such agreement to the ch
ief executive officer of each such taxing jurisdiction. Upon receipt of such notice, the chief executive officer may either:

(
1
) Notify the corporation that the agreement must be submitted to the legislative body of that taxing jurisdiction for approval or disapproval; or

(
2
) Notify the corporation that the chief executive officer does not object to the proposed agreement.

If the chief executive officer does not provide a notification to the corporation within 10 days of receipt of the notice
,
then the corporation may proceed to enter into the proposed agreement.

If the chief executive officer requires that the agreement be submitted to the legislative body of the taxing jurisdiction, then the corporation
is prohibited from
enter
ing
into the agreement unless the agreement is approved by such legislative body.

This amendment further provides that
any
PILOT
agreement entered into
by a special purpose corporation under delegated municipal powers
on or after July 1, 2026, without complying with
this amendment's requirements
, is void and unenforceable.

Current Bill Text

Read the full stored bill text 
HOUSE BILL 890
By Todd

SENATE BILL 1398
By Watson
SB1398
002242
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 48
and Title 67, relative to real property taxes.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 67-5-701(e)(1), is amended by
adding the following language at the end of the subdivision:
The comptroller of the treasury may provide the estimates to members of the general
assembly via electronic means.
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.