Tennessee · 114
HB 2607
Taxes, Real Property - As introduced, limits the setting of the tax rate on property by a county, municipality, metropolitan government, or other taxing entity in any fiscal year at a rate that would render in total receipts from all levies an amount more than the receipts from that source from the immediately preceding fiscal year for the county, municipality, metropolitan government, or other taxing jurisdiction, plus an additional 2 percent, subject to certain exceptions; establishes a procedure by which the 2 percent increase may be exceeded by passage of a referendum. - Amends TCA Title 67, Chapter 5.
Bill record: Open States bulk CSV (bills/votes) CC0-1.0
Summary AI-generated
HB 2607 limits the property tax rate set by Tennessee taxing entities to a level that would not generate total receipts exceeding the prior fiscal year's receipts plus 2 percent. The bill establishes a procedure allowing this 2 percent cap to be exceeded through a referendum. It amends TCA Title 67, Chapter 5.
Software-generated, grounded only in the bill's own fields (it does not invent outcomes, amounts, or dates). Provenance: Open States bulk CSV (bills/votes) CC0-1.0 GovTally LLM enrichment (local oMLX)
Issue tags AI-classified
Classified by a local model from the bill's text; confidence shown. GovTally LLM enrichment (local oMLX)
Sponsors
- Bud Hulsey Republican lead