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TN HB0319

Bill

Official Source

Status

Introduced

1/22/2025

Primary Sponsor

Tim Rudd

Click for details

Origin

House of Representatives

114th General Assembly

AI Summary

  • Amends the definition of "residential property" in Tennessee Code Annotated, Section 67-5-501(11) for property tax classification purposes

  • Adds clarifying language that residential property includes dwelling units that can be sold and purchased as a single unit with fee simple title

  • Explicitly covers properties whether vacant, owner-occupied, rented, detached, or attached, as long as they contain no more than one rental unit

  • Takes effect immediately upon becoming law

Legislative Description

AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 5, relative to property classification and assessment.

Taxes, Ad Valorem

Last Action

Def. to Summer Study in Cities & Counties Subcommittee

3/19/2025

Committee Referrals

Cities & Counties Subcommittee3/12/2025
State & Local Government2/3/2025

Full Bill Text

No bill text available