SB4237 - Tennessee - Registers Of Deeds, Taxes, Real Property

Taxes, Real Property - Restores to 5 percent of taxes collected the amount retainable by county register of deeds for collecting and reporting state recordation tax; presently register retains 48 percent of 5 percent and 52 percent of the 5 percent goes to general fund. - Amends TCA Section 67-4-409(d).

Decrease State Revenue - $5,855,200 Increase State Expenditures - $30,000/One-Time Increase Local Revenue - $5,855,200