Bill Title: As introduced, prohibits local governments, including special school districts, from levying real property taxes in an amount that would cause local governments to realize an increase in total revenue exceeding inflation plus 2 percent, or over a period of three tax years, inflation plus 6 percent, unless a referendum election is held by the local government to raise the tax above such amount and the referendum passes by a majority vote of the electorate. - Amends TCA Title 48 and Title 67, Chapter 5.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2020-03-10 - Taken off notice for cal in s/c Property & Planning Subcommittee of Local Committee [HB2638 Detail]

Text: Latest bill text (Draft #1) [PDF]

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