A coalition that includes the Tennessee Farm Bureau, Tennessee Realtors, and Tennessee Chamber of Commerce officially announced today the launch of Yes on 2, the single measure committee to pass a constitutional amendment banning a state property tax. Governor Bill Lee will serve as the statewide chairman for the effort. A recent poll commissioned by Yes on 2 showed that 64% of Tennessee voters support banning a state property tax.
Tennessee does not currently have a state property tax; only local governments currently impose property taxes. However, state law permits the collection of a state property tax, and the state did so until 1949. Passage of Amendment 2 would prohibit the legislature from enacting a state property tax.
“Tennessee Farm Bureau is proud to serve on the committee for Yes on 2 to ensure that Tennesseans are able to keep more of their hard-earned money,” said Kevin Hensley, Director of Public Policy for Tennessee Farm Bureau. “For farmers and those in our rural areas, forever banning a state property will allow them to grow and continue to support our state’s agricultural economy.”…