Environment
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
StateTennesseeIntroduced
HB 162: Taxes, Real Property - As enacted, authorizes, until June 30, 2041, a county or municipality that levies a property tax to pay a property tax refund owed to a taxpayer through annual installments applied as credits against the taxpayer's future property taxes if certain criteria are met. - Amends TCA Title 67.
Ron Gant
HB 162 status: Introduced — Comp. became Pub. Ch. 1049 (updated May 27, 2026).
Source
OpenStates
Confidence
Low
Analysis basis
OpenStates summary
01
What this bill does
Official summary alongside an AI-generated read on where it stands and why.
Overall Score
60OUT OF 100
Score:60/100 civic fit
Risk:Low Risk
Impact:Moderate Impact 40/100
Constitutionality90%
Bipartisan70%
Public opinion50%
Bill summary
Taxes, Real Property - As enacted, authorizes, until June 30, 2041, a county or municipality that levies a property tax to pay a property tax refund owed to a taxpayer through annual installments applied as credits against the taxpayer's future property taxes if certain criteria are met. - Amends TCA Title 67.. Currently in House.
02
Impact analysis
✦ AI analysisModeled effects across six domains, estimated from bill text and comparable legislation.
Economy
Positive outlook
60%
Benefits
- Provides fiscal flexibility for local governments managing large refunds.
- Prevents sudden budgetary shocks for municipalities.
- Allows for structured, predictable repayment schedules.
Risks
- Delays full refund receipt for property taxpayers.
- Potential lack of inflation adjustment on deferred credit amounts.
- Increases tracking complexity for taxpayers awaiting refunds.
Society
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Technology Industry
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Civic Accountability
Positive outlook
60%
Benefits
- Codifies a clear legal framework for refund disbursement.
- Reduces litigation potential by formalizing installment procedures.
- Improves predictability for local government budget reporting.
Risks
- Potential lack of clarity regarding 'certain criteria' for eligibility.
- Reduces transparency of total government debt obligations.
- Risk of administrative error over long-term installment tracking.
Public Health & Safety
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
03
How trustworthy & consequential it is
Sourcing already shown above, this is what the analysis found worth flagging.
Source
OpenStates
Official bill text or data from OpenStates.
Confidence
Low
Information is limited or incomplete.
Analysis basis
OpenStates summary
Source used for this bill's analysis.
Source note
Taxpayers may experience loss of real value over time if credits are not indexed for inflation.
Analysis scope
Source provided is an abstract; full text of 'certain criteria' not reviewed.
04
Where it stands
Official record- IntroducedCurrent
- CommitteeUpcoming
- Chamber votesUpcoming
- Final agreementUpcoming
- GovernorUpcoming
- EnactedUpcoming
05
How it affects your district
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06
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