TN HB1448

Legislative Description

As enacted, sets the capitalization rate for greenbelt purposes at the maximum allowable rate on loans for terms in excess of five years guaranteed by the federal farm service agency or its successor, as of the assessment date for the year in which the use value schedule is being developed. - Amends TCA Title 67, Chapter 5, Part 10.

Taxes, Agricultural and Open Spaces

Last Action

Committee Referrals