SB3944 - Tennessee - Taxes, Taxes, Personal Property, Taxes, Real Property

Companion Bill HB3727. Taxes - Revises various provisions governing real and personal property tax exemptions such as provision for exemption for church parsonage and provision governing exemptions for federally assisted housing. - Amends TCA Title 67, Chapter 5, Part 2. Fiscal Summary for SB3944 / *HB3727 Increase Local Revenue - $366,000 Bill Summary for SB3944 / *HB3727 This bill revises various provisions governing property tax, as follows: (1) Present law exempts from property tax the property of not-for-profit organizations funded under the federal HOME Investment Partnerships Program or funded as a special needs project under the state HOUSE program and used as permanent housing for low income and very low income persons with "permanent conditions" within the meaning of the HOUSE program. This bill revises this exemption to [...]

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