Taxes

The bill allows counties and municipalities in Tennessee to pay back property tax refunds owed to taxpayers by applying those refunds as credits to their future property taxes. This option is available until June 30, 2041, provided certain criteria are met. Essentially, it helps taxpayers receive their refunds over time instead of all at once.

TN SB0198 is a senate bill in the Tennessee 114th General Assembly, sponsored by Ferrell Haile (R), currently “Passed” since May 27, 2026.

We track 9,160 Tennessee bills this session, 129 of them sponsored by Ferrell Haile.

Supporters of the bill argue that it provides a more manageable way for taxpayers to receive their refunds, easing financial burdens and allowing for better budgeting. They believe this approach can help maintain stability in local government finances while still honoring taxpayer rights.

Critics contend that the bill could delay necessary refunds for taxpayers, forcing them to wait longer to receive their money. They may also express concerns that this method could complicate tax administration and create confusion for taxpayers regarding their future tax obligations.

The bill SB0198 pertains to property tax refunds and the ability for counties or municipalities to apply these refunds as credits against future property taxes. While the sponsor, Ferrell Haile, has various personal financial interests, particularly in the real estate sector through his ownership of Georgian Manor Apartments, there is no direct overlap between these interests and the specific provisions of the bill. The bill does not create a direct financial benefit for property owners like Haile, as it primarily addresses how municipalities manage property tax refunds rather than altering the tax structure itself or providing direct financial incentives to property owners.

Additionally, Haile's other financial interests, such as his role as a pharmacist and his ownership of Perkins Drugs & Gift Shoppe, do not intersect with the taxation policy area of this bill. Therefore, the potential for personal financial gain from the legislation is minimal, leading to a low risk score.

Unlike federal analysis based on campaign donations, state analysis examines legislators' personal financial interests — their jobs, businesses, and investments.

Items marked "AI-researched" are generated from public sources but have not been independently verified. Verified data is sourced from official legislature websites and disclosure filings.