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Companion Bill SB2981. Taxes, Real Property - Permits Shelby County and the municipalities therein to convey property acquired for back taxes to a nonprofit community development corporation for development for affordable housing without requiring the community development corporation to reimburse the taxing jurisdiction for the lost taxes, penalties, or interest. - Amends TCA Section 67-5-2509. Fiscal Summary for *HB2424 / SB2981 Decrease Local Govt. Revenues - Less than $10,000/ Permissive Bill Summary for *HB2424 / SB2981 Generally, if the state, a county, a municipality, or jointly a county and municipality purchase land at a tax sale, the officers of such government or governments must promptly offer the property for sale to private purchasers. However, present law allows the officers of certain governments, in lieu [...]

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Latest Actions
  • 06/20/2008 - Companion became Public Chapter 1127
  • 04/24/2008 - Companion Senate Bill Substituted
  • 04/22/2008 - H. Placed on Regular Calendar for 4/24/08
  • 04/17/2008 - Placed on Calendar Calendar & Rules Committee for 04/22/2008
  • 04/08/2008 - Recommended For Passage Referred to: Calendar & Rules Committee

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Bill Text
File name Last Updated
Amendment 1-0 to HB242405/24/2008
HB2424 Bill Text PDF12/06/2007

Fiscal Notes
File name Last Updated
SB2981 Fiscal Notes PDF12/18/2007