HJR 2
FISCAL NOTE
Fiscal Review Committee
Tennessee General Assembly
December 23, 2024
Fiscal Analyst: Christine Drescher| Email: christine.drescher@capitol.tn.gov | Phone: 615-741-2564
HJR 2
SUMMARY OF BILL: Proposes amending Article II, Section 28 of the Constitution of
Tennessee to prohibit the Legislature from levying, authorizing, or otherwise permitting any state tax
upon property. Requires the amendment be submitted to the people in the November 2026 general
election.
FISCAL IMPACT:
LOCAL GOVERNMENT
EXPENDITURES Mandatory
FY26-27 $9,400
Article II, Section 24 of the Tennessee Constitution provides that: no law of general application shall impose increased expenditure
requirements on cities or counties unless the General Assembly shall provide that the state share in the cost.
Assumptions:
• Pursuant to Article XI, Section 3 of the Constitution of Tennessee, following passage by
two successive General Assemblies, the proposed amendatory language is submitted to the
people for a vote at the next general election in which a Governor is to be chosen.
• The proposed constitutional amendment language received its first General Assembly
passage with House Joint Resolution 81 on March 28, 2024.
• Pursuant to Tenn. Code Ann. § 2-5-211(b), at least five days before the beginning of early
voting, the county election commission shall either publish a sample ballot in a newspaper
of general circulation or mail the sample ballot to every active registered voter.
• The requirement to add this constitutional amendment to the 2026 general election ballot
will increase the size of the sample ballot to be published and subsequently increase printing
costs.
• The one-time increase in local expenditures in FY26-27 for publishing costs is estimated to
be $9,400 based upon the cost of recent publications incurred by the Secretary of State.
CERTIFICATION:
The information contained herein is true and correct to the best of my knowledge.
Bojan Savic, Executive Director