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TN HB1777
Bill
Status
1/20/2026
Primary Sponsor
Tom Leatherwood
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AI Summary
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Defines "real estate investment trust" (REIT) as a business entity under 26 U.S.C. § 856 that purchases 10 or more single-family homes in Tennessee in calendar year 2025
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Requires the comptroller of the treasury to submit a report by December 31, 2026 to the governor and legislative leaders on REIT single-family home activity
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Report must include the number and appraised value of single-family homes purchased by each REIT in 2025
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Report must track how many REIT-purchased homes were acquired through foreclosure, sold during the year, or used as rental properties
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Takes effect immediately upon becoming law
Legislative Description
AN ACT to amend Tennessee Code Annotated, Title 4; Title 5; Title 6; Title 7; Title 13; Title 47; Title 48; Title 61; Title 66 and Title 67, relative to real estate investment trusts.
Business Organizations
Last Action
Sponsor(s) Added.
3/12/2026