Tennessee 114th General Assembly Status: Enacted 3 R cosponsors

SB 0539 — AN ACT to amend Tennessee Code Annotated, Title 7; Title 13; Title 48; Title 49; Title 67 and Title 68, relative to low-income housing.

Last action — Effective date(s) 05/22/2026, 07/01/2026

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 30, 2025. Enacted.

Signed by Governor Bill Lee (Republican) on April 30, 2026.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 76% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 3 sponsors

    1 primary, 2 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (3 R).

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

The bill sets a new process for assessing property taxes on low-income rental housing.

This legislation establishes guidelines for how the property tax for multi-unit rental housing, which offers low-income rental options and receives various incentives, is assessed and valued. The aim is to clarify the tax assessment process for these properties.

What this means for you
  • Families: This means families living in low-income rental housing may see a more stable tax environment for their housing options.

Summary

Taxes, Real Property - As enacted, establishes the process for property tax assessment and valuation of multi-unit rental housing that receives a federal, state, or local incentive based on low-income renter restrictions. - Amends TCA Title 7; Title 13; Title 48; Title 49; Title 67 and Title 68.

Bill Text

Action History

  1. Filed for introduction

  2. Intro., P1C.

  3. P2C, ref. to State & Local Government Committee- Government Operations for Review

  4. Assigned to s/c Cities & Counties Subcommittee

  5. Sponsor(s) Added.

  6. Placed on s/c cal Cities & Counties Subcommittee for 4/15/2026

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

  8. Placed on cal. State & Local Government Committee for 4/15/2026

  9. Rec. for pass. if am., ref. to Government Operations Committee

  10. Placed on cal. Government Operations Committee for 4/15/2026

  11. Rec. for pass; ref to Finance, Ways, and Means Committee

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

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

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

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

  16. Action def. in Finance, Ways, and Means Committee to Next Calendar

  17. Placed on cal. Finance, Ways, and Means Committee for 4/20/2026

  18. Rec. for pass; ref to Calendar & Rules Committee

  19. Placed on cal. Calendar & Rules Committee for 4/20/2026

  20. H. Placed on Regular Calendar for 4/21/2026

  21. Comp. SB subst.

  22. Sponsor(s) Added.

  23. Comp. became Pub. Ch. 1053

  24. Filed for introduction

  25. Introduced, Passed on First Consideration

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

  27. Placed on Senate State and Local Government Committee calendar for 2/25/2025

  28. Action deferred in Senate State and Local Government Committee to 3/11/2025

  29. Sponsor(s) Added.

  30. Placed on Senate State and Local Government Committee calendar for 3/11/2025

  31. Assigned to General Subcommittee of Senate State and Local Government Committee

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

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

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

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

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

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

  38. Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 5, Nays 4 PNV 0

  39. Placed on Senate Regular Calendar for 4/22/2026

  40. Senate adopted Amendment (Amendment 1 - SA0869)

  41. Passed Senate as amended, Ayes 30, Nays 0

  42. Engrossed; ready for transmission to House

  43. Subst. for comp. HB.

  44. Am. withdrawn. (Amendment 1 - HA1162)

  45. Passed H., Ayes 69, Nays 15, PNV 7

  46. Sponsor(s) Added.

  47. Enrolled and ready for signatures

  48. Signed by Senate Speaker

  49. Signed by H. Speaker

  50. Transmitted to Governor for action.

  51. Signed by Governor.

  52. Pub. Ch. 1053

  53. Effective date(s) 05/22/2026, 07/01/2026

Sponsors

Sponsorship breakdown

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1 sponsors · 2 co-sponsors · 130 not signed on

Sponsors (1)

Co-sponsors (2)

Not signed on (130)

130 members have not signed on to this bill.

Show all 130 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Subjects

taxation housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 0539 do?
Taxes, Real Property - As enacted, establishes the process for property tax assessment and valuation of multi-unit rental housing that receives a federal, state, or local incentive based on low-income renter restrictions. - Amends TCA Title 7; Title 13; Title 48; Title 49; Title 67 and Title 68.
Who sponsors SB 0539?
SB 0539 is sponsored by Stevens, John (Republican), Bailey, Paul (Republican), and Reeves, Shane (Republican).
What is the current status of SB 0539?
This bill has been enacted into law. Introduced January 30, 2025. Enacted.
Where can I track SB 0539?
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Last checked for changes 3 months ago · updated continuously

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