Taxes, Real Property - As enacted, limits the authority of a special purpose corporation to negotiate and enter into PILOT agreements with the corporation's lessees, as delegated to it by a municipality, if certain written notice is not provided to certain chief executive officers of taxing jurisdictions; voids PILOT agreements entered into by the special purpose corporation if such notice is not provided. - Amends TCA Title 48 and Title 67.

SB 1398 (Tennessee Senate Bill 1398) amends Tennessee law to allow the state comptroller to deliver property tax relief cost and income limit estimates to the General Assembly via electronic means, rather than traditional methods. This procedural change directly affects members of the Tennessee General Assembly who receive these financial estimates. The bill modifies Tennessee Code Annotated Sections 67-5-701(e)(1) and references Title 48 (real property taxes) to update how the comptroller communicates required data. It does not alter tax rates, eligibility, or taxpayer obligations - only the method of information delivery. The bill is currently in committee review after passing initial Senate consideration.