Eminent Domain - As introduced, enacts the "Tennessee Just Compensation for Property Owners Act," which requires an airport authority that exercises eminent domain to acquire private property to pay enhanced damages and costs to the owner of the subject real property. - Amends TCA Title 29 and Title 42.

SB 2120 would require Tennessee airport authorities to pay enhanced compensation to property owners when taking land through eminent domain. The bill mandates that airport authorities cover all appraisal costs and pay 150% of the average value from certified appraisals (based on comparable properties not depressed by airport acquisitions), plus additional damages for relocation expenses, lost business profits, and increased loan interest rates. This applies specifically to airport authorities acting under Tennessee law and directly affects property owners whose land is taken for airport-related projects. The bill changes how compensation is calculated to address concerns that current standards do not fully cover financial and personal impacts of eminent domain takings.