HB1638 - Tennessee - Taxes, Real Property

Companion Bill SB1238. Taxes, Real Property - Removes requirement that owner of land pay property tax on mobile homes located on such land; places liability for such taxes on owner of mobile home. - Amends TCA Section 67-5-802. Fiscal Summary for HB1638 / *SB1238Increase State Expenditures - Not Significant Increase State Revenues - Not Significant Increase Local Govt. Expenditures - Not Significant Increase Local Govt. Revenues - Not Significant Other Fiscal Impact - There would be a shift of tax revenues between local governments due to the provision of the bill that authorizes the proration of taxes for structures that are moved during a tax year. This will occur because multiple taxing jurisdictions will receive revenues for the structure while under current law only one taxing jurisdiction would receive such revenues. Bill Summary for HB1638 / *SB1238 [...]

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