---
type: "Bill"
title: "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."
description: "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."
jurisdiction: "us/states/tn"
legislature: "Tennessee General Assembly"
session: "114"
identifier: "SB 539"
citation: "Tennessee SB 539 (114)"
classification: ["bill"]
subjects: ["Real Property", "Taxes"]
status: "enacted"
primary_sponsors: ["Stevens"]
version_count: 3
action_count: 30
vote_count: 3
first_action: "2025-01-30"
last_action: "2026-05-27"
source: "openstates"
source_identifier: "ocd-bill/248354e3-3e1f-413b-b534-24b993219096"
source_url: "https://wapp.capitol.tn.gov/apps/BillInfo/Default?BillNumber=SB0539&ga=114"
source_hash: "3597688ce6949915b3b3771e2294cd225107b5938d677c2906bc6211415f5e37"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-tn"]
---

# Tennessee SB 539 (114) — 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.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Amendment HA1162** (committee substitute) — [source](https://capitol.tn.gov/Bills/114/Amend/HA1162.pdf)
2. **Amendment SA0869** (committee substitute) — [source](https://capitol.tn.gov/Bills/114/Amend/SA0869.pdf)
3. **Current Version** (committee substitute) — [source](https://capitol.tn.gov/Bills/114/Bill/SB0539.pdf)

## Votes

- FLOOR VOTE: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION 4/22/2026 Passed — **69–15** (pass) · lower
- SENATE STATE & LOCAL GOVERNMENT COMMITTEE: Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 5, Nays 4 PNV 0 3/25/2026 Passed — **5–4** (pass) · upper
- FLOOR VOTE: as Amended Third Consideration 4/22/2026 Passed — **30–0** (pass) · upper

## Sponsors

- Stevens — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2025-01-30** Filed for introduction `filing`
- **2025-02-10** Introduced, Passed on First Consideration `introduction`
- **2025-02-12** Passed on Second Consideration, refer to Senate State and Local Government Committee `referral-committee`
- **2025-02-18** Placed on Senate State and Local Government Committee calendar for 2/25/2025
- **2025-02-25** Action deferred in Senate State and Local Government Committee to 3/11/2025
- **2025-02-28** Sponsor(s) Added. `sponsorship`
- **2025-03-04** Placed on Senate State and Local Government Committee calendar for 3/11/2025
- **2025-03-11** Assigned to General Subcommittee of Senate State and Local Government Committee `referral-committee`
- **2026-03-11** Placed on Senate State and Local Government Committee calendar for 3/17/2026
- **2026-03-17** Action deferred in Senate State and Local Government Committee to 3/24/2026
- **2026-03-18** Placed on Senate State and Local Government Committee calendar for 3/24/2026
- **2026-03-24** Placed on Senate State and Local Government Committee calendar for 3/25/2026
- **2026-03-24** Action deferred in Senate State and Local Government Committee to 3/25/2026
- **2026-03-25** Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 5, Nays 4 PNV 0
- **2026-03-25** Placed on Senate State and Local Government Committee calendar for 3/25/2026
- **2026-04-21** Placed on Senate Regular Calendar for 4/22/2026
- **2026-04-22** Passed H., Ayes 69, Nays 15, PNV 7 `passage`
- **2026-04-22** Am. withdrawn. (Amendment 1 - HA1162) `amendment-withdrawal`
- **2026-04-22** Subst. for comp. HB. `substitution`
- **2026-04-22** Engrossed; ready for transmission to House `receipt`
- **2026-04-22** Passed Senate as amended, Ayes 30, Nays 0 `passage`
- **2026-04-22** Senate adopted Amendment (Amendment 1 - SA0869)
- **2026-04-24** Sponsor(s) Added. `sponsorship`
- **2026-04-29** Enrolled and ready for signatures `enrolled`
- **2026-04-30** Signed by Senate Speaker `passage`
- **2026-05-07** Signed by H. Speaker `passage`
- **2026-05-11** Transmitted to Governor for action. `executive-receipt`
- **2026-05-22** Signed by Governor. `executive-signature`
- **2026-05-27** Effective date(s) 05/22/2026, 07/01/2026
- **2026-05-27** Pub. Ch. 1053

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/248354e3-3e1f-413b-b534-24b993219096`. Confidence: reported (aggregated from official Tennessee legislature records).