Will Nashville commercial property tax relief become law?

If a Tennessee statute or Metro Nashville ordinance that caps, freezes, reduces, or funds payment of Metro Nashville–Davidson County property taxes on commercial real property is enacted in Tennessee before Jun 1, 2027, then the market resolves to Yes. Enactment requires completion of all constitutional and legal requirements for the legislation to become binding law. Standard legislation requiring executive approval: final passage by all required legislative bodies, executive signature OR becoming law despite executive inaction OR successful veto override, and satisfaction of any required waiting periods Legislation not requiring executive approval: final passage and completion of required waiting periods Constitutional amendments: passage with required supermajorities and completion of ratification processes Executive orders: official signature, publication in official government records, and legal effectiveness The following do NOT constitute enactment: Legislative passage without completed executive action Passage by only some required bodies Provisional passage Non-binding resolutions Draft orders Enactment occurs when all requirements are completed, regardless of pending judicial challenges. Note: This event was issued before the September 14, 2026 amendment to the LAW Contract, so that amendment does not apply. To be clear, a law must take legal effect before this event’s deadline; a law enacted before the deadline whose effective date falls on or after it does not satisfy the Payout Criterion.