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Companion Bill SB0320. Taxes, Exemption and Credits - Removes 100-acre limitation on exemption of land used for activities such as recreation, retreats, or sanctuaries and which is not necessary to support exempt structures or site improvements for property owned or used by religious, charitable, scientific, or educational membership nonprofit organizations chartered by the U.S. Congress. - Amends TCA Title 67, Chapter 5. Fiscal Summary for HB0466 / *SB0320 On February 11, 2007 we issued a fiscal note on this bill which indicated a decrease in local government revenues exceeding $50,000 in FY07-08 and exceeding $80,000 in FY08-09. Based upon additional information concerning the number of additional acres that would be exempt under the provisions of the bill, the corrected fiscal impact is: (CORRECTED) Decrease Local Govt. Revenues - Exceeds $28,000 FY07-08 [...]

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Latest Actions
  • 05/15/2007 - Taken Off Notice For Calendar in: State & Local Government Committee
  • 05/09/2007 - Placed on Calendar State & Local Government Committee for 05/15/2007
  • 05/01/2007 - Action Deferred in State & Local Government Committee to last calendar
  • 04/25/2007 - Placed on Calendar State & Local Government Committee for 05/01/2007
  • 04/24/2007 - Recommended For Passage by Subcommittee Referred to State & Local Government Committee

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Bill Text
File name Last Updated
HB0466 Bill Text PDF10/27/2007

Fiscal Notes
File name Last Updated
SB0320 Fiscal Notes PDF10/27/2007