Tennessee House Bill HB0132

Tennessee 2023-2024 Regular Session

• Introduced: 1/11/23

Caption

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

Impact

If enacted, this legislation would impact the standards and processes involved in property tax assessments across the state. By potentially removing certain references to the state board of equalization, the bill could change how property taxes are evaluated and levied within various jurisdictions, likely leading to adjustments in revenue collection and how assessments are done. This could have significant implications for local governments and their ability to collect taxes effectively.

Summary

House Bill 132 (HB0132) aims to amend Tennessee Code Annotated regarding property taxes. Specifically, the bill proposes changes to Section 67-1-103(b), which relates to the operations of the state board of equalization, suggesting a streamlining of the process involved in property tax assessments at the state level. The intent of these amendments appears to be focused on optimizing the tax evaluation process and potentially adjusting responsibilities related to property tax equalization in Tennessee.

Sentiment

The sentiment surrounding HB0132 has not been extensively documented in available discussions. However, generally, amendments that affect property tax structures often attract mixed reactions from stakeholders. Supporters may view the bill as a necessary reform to simplify tax processes, while opponents could raise concerns about the implications for local government funding and their autonomy in handling tax matters.

Contention

One notable point of contention regarding HB0132 could involve the balance between state oversight and local authority in property tax assessments. Critics might argue that reducing the role of the state board of equalization could lead to inconsistencies in property valuation, which could affect local budgets and services that rely on tax revenues. Conversely, proponents might argue that streamlining the property tax system could enhance efficiency and reduce administrative burdens.