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SB2537 • 2026

Taxes

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
Hatcher, Hicks G
Last action
2026-05-27
Official status
Effective date(s) 05/19/2026
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

ON APRIL 13, 2026, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 2537, AS AMENDED.

What This Bill Does

  • ON APRIL 13, 2026, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 2537, AS AMENDED.
  • AMENDMENT #1 rewrites the bill to, instead, provide that an application for an exemption from property taxation for property owned by a religious, charitable, scientific, or nonprofit educational organization that is filed within 180 days after the exemp t use of the property began will be effective as of the date the exempt use began, if the application is made after May 20th of the year for which the exemption is sought, but prior to the end of the year.
  • Present law provides that an application that is f iled within 30 days after the exempt use of the property began will be effective as of the date the exempt use began.
  • This amendment provides that, for an application filed more than 180 days after the exempt use began, the exemption will be effective as of the date of the application.

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 HB2207

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

  • House State & Local Government 1 Amendment No.
  • 1 to HB2207 Crawford Signature of Sponsor AMEND Senate Bill No.
  • 2537 House Bill No.
  • 2207* HA0731 014514 - 1 - by deleting all language after the enacting clause and substituting: SECTION 1.
Amendment 1-0 to SB2537

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

  • Senate State and Local Government 1 Amendment No.
  • 1 to SB2537 Briggs Signature of Sponsor AMEND Senate Bill No.
  • 2537 House Bill No.
  • 2207* SA0882 014514 - 1 - by deleting all language after the enacting clause and substituting: SECTION 1.

Bill History

  1. 2026-05-27 Tennessee General Assembly

    Effective date(s) 05/19/2026

  2. 2026-05-27 Tennessee General Assembly

    Pub. Ch. 982

  3. 2026-05-27 Tennessee General Assembly

    Comp. became Pub. Ch. 982

  4. 2026-05-19 Tennessee General Assembly

    Signed by Governor.

  5. 2026-05-11 Tennessee General Assembly

    Transmitted to Governor for action.

  6. 2026-05-07 Tennessee General Assembly

    Signed by H. Speaker

  7. 2026-04-30 Tennessee General Assembly

    Signed by Senate Speaker

  8. 2026-04-29 Tennessee General Assembly

    Enrolled and ready for signatures

  9. 2026-04-21 Tennessee General Assembly

    Passed H., Ayes 90, Nays 1, PNV 0

  10. 2026-04-21 Tennessee General Assembly

    Am. withdrawn. (Amendment 1 - HA0731)

  11. 2026-04-21 Tennessee General Assembly

    Subst. for comp. HB.

  12. 2026-04-21 Tennessee General Assembly

    Sponsor(s) Added.

  13. 2026-04-21 Tennessee General Assembly

    Comp. SB subst.

  14. 2026-04-16 Tennessee General Assembly

    H. Placed on Regular Calendar for 4/20/2026

  15. 2026-04-16 Tennessee General Assembly

    Sponsor(s) Added.

  16. 2026-04-15 Tennessee General Assembly

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

  17. 2026-04-15 Tennessee General Assembly

    Placed on cal. Calendar & Rules Committee for 4/16/2026

  18. 2026-04-15 Tennessee General Assembly

    Rec. for pass; ref to Calendar & Rules Committee

  19. 2026-04-15 Tennessee General Assembly

    Placed on cal. Finance, Ways, and Means Committee for 4/15/2026

  20. 2026-04-15 Tennessee General Assembly

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

  21. 2026-04-15 Tennessee General Assembly

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/15/2026

  22. 2026-04-13 Tennessee General Assembly

    Engrossed; ready for transmission to House

  23. 2026-04-13 Tennessee General Assembly

    Sponsor(s) Added.

  24. 2026-04-13 Tennessee General Assembly

    Passed Senate as amended, Ayes 33, Nays 0

  25. 2026-04-13 Tennessee General Assembly

    Senate adopted Amendment (Amendment 1 - SA0882)

  26. 2026-04-10 Tennessee General Assembly

    Placed on Senate Regular Calendar for 4/13/2026

  27. 2026-04-08 Tennessee General Assembly

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2026

  28. 2026-03-25 Tennessee General Assembly

    Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 9, Nays 0 PNV 0

  29. 2026-03-25 Tennessee General Assembly

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

  30. 2026-03-25 Tennessee General Assembly

    Placed behind the budget

  31. 2026-03-24 Tennessee General Assembly

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

  32. 2026-03-24 Tennessee General Assembly

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

  33. 2026-03-18 Tennessee General Assembly

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

  34. 2026-03-18 Tennessee General Assembly

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 3/25/2026

  35. 2026-03-18 Tennessee General Assembly

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

  36. 2026-03-18 Tennessee General Assembly

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

  37. 2026-03-17 Tennessee General Assembly

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

  38. 2026-03-11 Tennessee General Assembly

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

  39. 2026-03-11 Tennessee General Assembly

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

  40. 2026-03-11 Tennessee General Assembly

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

  41. 2026-03-04 Tennessee General Assembly

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

  42. 2026-03-03 Tennessee General Assembly

    Assigned to s/c Cities & Counties Subcommittee

  43. 2026-03-03 Tennessee General Assembly

    Ref. to State & Local Government Committee

  44. 2026-02-05 Tennessee General Assembly

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

  45. 2026-02-05 Tennessee General Assembly

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

  46. 2026-02-04 Tennessee General Assembly

    Intro., P1C.

  47. 2026-02-02 Tennessee General Assembly

    Introduced, Passed on First Consideration

  48. 2026-02-02 Tennessee General Assembly

    Filed for introduction

  49. 2026-02-02 Tennessee General Assembly

    Filed for introduction

Official Summary Text

ON APRIL 13, 2026, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 2537, AS AMENDED.

AMENDMENT #1 rewrites the bill to, instead, provide that an application for an exemption from property taxation for property owned by a religious, charitable, scientific, or nonprofit educational organization that is filed within 180 days after the exemp
t use of the property began will be effective as of the date the exempt use began, if the application is made after May 20th of the year for which the exemption is sought, but prior to the end of the year. Present law provides that an application that is
f
iled within 30 days after the exempt use of the property began will be effective as of the date the exempt use began. This amendment provides that, for an application filed more than 180 days after the exempt use began, the exemption will be effective as
of the date of the application.

Present law provides that, in the case of property damage that has occurred as a result of a disaster declared by the president of the United States, the annual assessment of an affected building or improvement in a county included in the presidential de
claration must be prorated for the actual time the building or improvement is destroyed and not replaced, or the actual time the building or improvement is substantially damaged. The owner of such property must apply for this relief to the assessor of pr
op
erty by September 1st. However, these provisions do not take effect as to any particular county or municipality unless approved by a 2/3 vote of its governing body following the disaster declaration. This amendment requires such an approval to be done b
y resolution of the governing body.

Present law provides that, in the case of damage to commercial and industrial tangible personal property that has occurred as a result of a disaster declared by the president of the United States, the annual assessment must be prorated for the actual tim
e the qualifying personal property is not replaced or restored. The owner must apply for this relief to the assessor of property. However, these provisions do not take effect as to any particular county or municipality unless approved by 2/3 vote of its
g
overning body following the disaster declaration. This amendment requires such an approval to be done by resolution of the governing body.

Present law authorizes the state board of equalization to receive, hear, consider, and act upon complaints and appeals made to the board regarding the valuation, classification, and assessment of taxes on all properties in this state. Following an appea
l to the board of equalization, any additional tax due will accrue interest from the delinquency date at the composite prime rate published by the federal reserve as of the delinquency date, minus two points. This amendment requires the interest rate to
be
updated annually each subsequent year. Further, the interest rate of any tax found refundable following the appeal must be updated annually each subsequent year.

Present law provides that, in a county with a metropolitan form of government, the charter for the metropolitan government may provide for the creation of a metropolitan board of equalization consisting of either five or seven members. This amendment pr
ovides that such a metropolitan board of equalization may consist of either five or 12 members.

Current Bill Text

Read the full stored bill text 
HOUSE BILL 2207
By Hicks G

SENATE BILL 2537
By Hatcher
SB2537
012277
- 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-five (45)
days".
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.