Git submodule lists reference to a different tag than specified when checking out tag for submodule

Hi! I want to report an unexpected behavior of the latest version of
git that I faced today.

What did you do before the bug happened? (Steps to reproduce your issue)

I have initialized two tags Dev/0.x.0 and User/0.x.0 in a repository
that is referenced as a submodule in another repository. Both tags
refer to the latest commit. First I created Dev/0.x.0, then
User/0.x.0:

cd ~/projects/repo1
git tag Dev/0.x.0
git tag User/0.x.0
git push --tags

cd ~/projects/repo2
git submodule add https://path-to-repo1/repo1.git
cd repo1
git checkout User/0.x.0
cd ..
git add repo1
git commit -m "moved repo1 to the tag User/0.x.0"
git push

What did you expect to happen? (Expected behavior)

After performing all the steps above I expected the output of the 'git
submodule' command to look as follows:
git submodule
 c575d777d33a0f1095875c7b55753eb59a51daba repo1 (User/0.x.0)

What happened instead? (Actual behavior)

Instead, output looks as follows:

git submodule
 c575d777d33a0f1095875c7b55753eb59a51daba repo1 (Dev/0.x.0)

What's different between what you expected and what actually happened?

Submodule references different tag than specified in the checkout
command (Dev/0.x.0 instead of User/0.x.0)

[System Info]
git version:
git version 2.33.0
cpu: x86_64
no commit associated with this build
sizeof-long: 8
sizeof-size_t: 8
shell-path: /bin/sh
uname: Linux 5.11.0-34-generic #36~20.04.1-Ubuntu SMP Fri Aug 27
08:06:32 UTC 2021 x86_64
compiler info: gnuc: 9.3
libc info: glibc: 2.31
$SHELL (typically, interactive shell): /bin/bash