| Latest Action: 03/11/2008 - Referred Delayed Bills Committee
Bill TextTaxes, 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). Fiscal Summary for HB4232 / *SB4237 Decrease State Revenue - $5,855,200 Increase State Expenditures - $30,000/One-Time Increase Local Revenue - $5,855,200 | | Latest Action: 03/10/2008 - Referred to Senate Delayed Bills Comm.
Bill TextTaxes, 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). Fiscal Summary for *SB4237 / HB4232 Decrease State Revenue - $5,855,200 Increase State Expenditures - $30,000/One-Time Increase Local Revenue - $5,855,200 | | Latest Action: 04/15/2008 - Taken Off Notice For Calendar in: State & Local Government Committee
Bill TextTaxes, Real Property - Authorizes all county trustees to permit retired homeowners to pay quarterly installments on property taxes for a primary residence. - Amends TCA Section 67-5-1807. Fiscal Summary for HB4069 / *SB4066MINIMAL | | Latest Action: 04/15/2008 - Assigned to Gen. Sub of: Senate S&L Govt. Comm.
Bill TextTaxes, Real Property - Authorizes all county trustees to permit retired homeowners to pay quarterly installments on property taxes for a primary residence. - Amends TCA Section 67-5-1807. Fiscal Summary for *SB4066 / HB4069MINIMAL | | Latest Action: 02/06/2008 - Assigned to Subcommittee Local Government of S&LG
Bill TextTaxes, Real Property - Increases value of disabled person's residence on which tax relief is available from $25,000 to $28,000 on January 1, 2009. - Amends TCA Title 67. Fiscal Summary for HB3812 / *SB3119 Decrease State Expenditures - Net Impact - $13,972,700 Decrease Local Govt. Expenditures - Net Impact - Not Significant | | Latest Action: 02/27/2008 - Placed Behind the Budget
Bill TextTaxes, Real Property - Increases value of elderly residence on which tax relief is available from $25,000 to $30,000 on January 1, 2009. - Amends TCA Section 67-5-702. Fiscal Summary for HB3821 / *SB3544 Increase State Expenditures - $2,546,000 Increase Local Govt. Expenditures - Exceeds $100,000/Permissive | | Latest Action: 02/27/2008 - Placed Behind the Budget
Bill TextTaxes, Real Property - Increases value of disabled homeowner residence on which tax relief is available from $25,000 to $30,000 on January 1, 2009. - Amends TCA Section 67-5-703. Fiscal Summary for HB3822 / *SB3543 Increase State Expenditures - $394,200 Increase Local Govt. Expenditures - Exceeds $100,000/Permissive | | Latest Action: 05/01/2008 - Engrossed; ready for transmission to Sen.
Bill TextCompanion Bill SB3951. Taxes, Real Property - Revises various provisions under the Agricultural, Forest and Open Space Land Act; specifies that for purposes of the maximum acreage limit, a parcel will be aggregated with other parcels having any degree of common ownership; revises other provisions. - Amends TCA Title 67, Chapter 5, Part 10. Fiscal Summary for *HB3871 / SB3951 Increase Local Revenue - Not Significant Bill Summary for *HB3871 / SB3951 The Agricultural, Forest and Open Space Land Act provides reduced property taxes for land classified as agricultural, forest, or open space land. Present law provides that no person may place more than 1,500 acres of land within any one taxing jurisdiction for purposes of the Act. This bill provides that for purposes of determining the maximum acreage limit, a parcel will be aggregated with other [...] show full description | | Latest Action: 04/15/2008 - Public Chapter 680
Bill TextCompanion Bill HB3729. Taxes, Real Property - Revises property tax provisions in regard to remedies and assessments under appeal; places restrictions on judicial review of certain exemptions. - Amends TCA Section 67-5-1511; Section 67-5-1512, and Section 67-5-1806. Fiscal Summary for SB3942 / *HB3729 Increase State Revenue - Not Significant Increase State Expenditures - Not Significant Increase Local Revenue - Not Significant Bill Summary for SB3942 / *HB3729 Present law provides that the action of the state board of equalization is final and conclusive as to all matters passed upon by the board, subject to judicial review. This bill places restrictions on judicial review of actions by the state board of equalization. Under this bill, judicial review would not be available as to property tax exemptions requiring application to the state [...] show full description | | Latest Action: 04/10/2008 - Companion House Bill Substituted (sends Senate Bill to deAdopted bill file)
Bill TextTaxes, Real Property - Authorizes use of sales comparison approach in assessing mineral interests and all other interests, not defined as products of the soil, in real property, including the interest that a lessee may have in and to improvements erected upon land where the fee, reversion, or remainder therein is exempt to the owner, and which interest or interests is or are owned separately from the general freehold. - Amends TCA Title 67, Chapter 5. Fiscal Summary for SB3943 / *HB3728MINIMAL | | Latest Action: 04/01/2008 - Recommended For Passage Referred to: Senate Calendar Comm.
Bill TextCompanion Bill HB3871. Taxes, Real Property - Revises various provisions under the Agricultural, Forest and Open Space Land Act; specifies that for purposes of the maximum acreage limit, a parcel will be aggregated with other parcels having any degree of common ownership; revises other provisions. - Amends TCA Title 67, Chapter 5, Part 10. Fiscal Summary for SB3951 / *HB3871 Increase Local Revenue - Not Significant Bill Summary for SB3951 / *HB3871 The Agricultural, Forest and Open Space Land Act provides reduced property taxes for land classified as agricultural, forest, or open space land. Present law provides that no person may place more than 1,500 acres of land within any one taxing jurisdiction for purposes of the Act. This bill provides that for purposes of determining the maximum acreage limit, a parcel will be aggregated with other [...] show full description | | Latest Action: 05/01/2008 - Placed on Senate Finance, Ways and Means Comm. Calendar for 05/06/2008
Bill TextCompanion 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 [...] show full description | | Latest Action: 04/30/2008 - Placed on Subcommittee Calendar Budget of Finance, Ways and Means for 05/07/2008
Bill TextCompanion Bill SB3944. 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 *HB3727 / SB3944 Increase Local Revenue - $366,000 Bill Summary for *HB3727 / SB3944 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 [...] show full description | | Latest Action: 04/23/2008 - Signed by Governor.
Bill TextTaxes, Real Property - Authorizes use of sales comparison approach in assessing mineral interests and all other interests, not defined as products of the soil, in real property, including the interest that a lessee may have in and to improvements erected upon land where the fee, reversion, or remainder therein is exempt to the owner, and which interest or interests is or are owned separately from the general freehold. - Amends TCA Title 67, Chapter 5. Fiscal Summary for *HB3728 / SB3943MINIMAL | | Latest Action: 04/15/2008 - Companion became Public Chapter 680
Bill TextCompanion Bill SB3942. Taxes, Real Property - Revises property tax provisions in regard to remedies and assessments under appeal; places restrictions on judicial review of certain exemptions. - Amends TCA Section 67-5-1511; Section 67-5-1512, and Section 67-5-1806. Fiscal Summary for *HB3729 / SB3942 Increase State Revenue - Not Significant Increase State Expenditures - Not Significant Increase Local Revenue - Not Significant Bill Summary for *HB3729 / SB3942 Present law provides that the action of the state board of equalization is final and conclusive as to all matters passed upon by the board, subject to judicial review. This bill places restrictions on judicial review of actions by the state board of equalization. Under this bill, judicial review would not be available as to property tax exemptions requiring application to the state [...] show full description | | Latest Action: 04/16/2008 - Placed Behind the Budget
Bill TextConstitutional Amendments - Proposes an amendment to Article II, Section 28 of the Tennessee Constitution to authorize counties and municipalities to adopt a resolution or ordinance to create a program of tax abatement for historic property; defines "historic property" as real property that is designated or eligible for designation as a historic place on the National Register of Historic Places by the National Park Service, or that is within the boundaries of a historic district created by the county or city in which the property is located. - Fiscal Summary for *HJR0793Increase State Expenditures - $20,000 One-Time | | Latest Action: 01/30/2008 - Passed second consideration, caption bill, held on desk - pending amdt.
Bill TextTaxes, Real Property - Allows errors in appraised value to be corrected if the taxpayer can prove that the appraisal was more than 133 percent of the fair market value. - Amends TCA Title 67. Fiscal Summary for HB3648 / *SB3244 Increase State Revenue - $10,700 Increase State Expenditures - $107,200 Decrease Local Revenue - $2,500,000 | | Latest Action: 01/30/2008 - Assigned to Subcommittee Local Government of S&LG
Bill TextCompanion Bill SB2771. Taxes, Real Property - Allows a credit of wheel tax paid against property tax owed to taxing jurisdiction by a real property owner. - Amends TCA Section 5-8-102 and Title 67, Chapter 5. Fiscal Summary for HB3404 / *SB2771 Decrease Local Govt. Revenue - Exceeds $22,800,000 Bill Summary for HB3404 / *SB2771 This bill creates a tax credit against property tax for persons who pay a wheel tax in the same jurisdiction that they pay property tax. The credit would be allowed for wheel tax paid on or after October 1 before the tax year the property tax is due and by September 30 of the tax year the property tax is due. If a person owns more than one piece of property, then that person must choose to which piece of property to apply the tax credit. In order to claim the credit, a person must present proof of payment of the wheel [...] show full description | | Latest Action: 01/28/2008 - Passed second consideration, caption bill, held on desk - pending amdt.
Bill TextCompanion Bill SB3355. Taxes, Real Property - Requires division of property assessments to determine overall appraisal ratio and appraisal ratios for each subclass of real estate when making the appraisal ratio studies in all counties of the state as required by present law. - Amends TCA Title 67. Fiscal Summary for HB3498 / *SB3355 Increase State Expenditures - $432,000 Bill Summary for HB3498 / *SB3355 Under present law, the state board of equalization has the responsibility to determine whether or not property within each county of the state has been valued and assessed in accordance with the constitution and laws of this state. In order to assist the board in its determination, the division of property assessments must conduct appraisal ratio studies in all counties of the state at least every two years unless otherwise determined by the [...] show full description | | Latest Action: 03/05/2008 - Taken Off Notice For Calendar in Subcommittee Local Government of S&LG of State & Local Government Committee
Bill TextCompanion Bill SB3699. Taxes, Real Property - Requires appraisal of residential property for purposes of property taxation at the most recent sales price of the property or at the value set on January 1, 2008, whichever occurred later. - Amends TCA Title 67, Chapter 5. Fiscal Summary for HB3343 / *SB3699 Other Fiscal Impact - Local governments could meet the requirements of this bill in one of two ways, both of which require freezing appraised values at the January 1, 2008 level, including property that is subsequently sold or improved, to comply with constitutional equalization requirements. First, to maintain the existing level of revenue generated from property taxes, local governments could adjust property tax rates for all taxpayers without reassessing residential property values. Under this approach, there would be no net increase or decrease in local government [...] show full description | | Latest Action: 04/15/2008 - Assigned to Gen. Sub of: Senate S&L Govt. Comm.
Bill TextCompanion Bill HB2426. Taxes, Real Property - Provides that annual income limit for purposes of tax relief for disabled homeowners be the same as that for elderly, low-income homeowners. - Amends TCA Section 67-5-703. Fiscal Summary for SB3715 / *HB2426 Increase State Expenditures - Exceeds $278,000 Increase Local Govt. Expenditures - Exceeds $100,000/Permissive Bill Summary for SB3715 / *HB2426 Present law provides for property tax assistance for certain taxpayers who are totally and permanently disabled. Those taxpayers receive from the state general fund the amount necessary to pay or reimburse such taxpayers for all or part of the local property taxes paid for a given year on that property that the taxpayer owned and used as the taxpayer's residence as provided in this section. For tax year 2006, the taxpayer's [...] show full description | | Latest Action: 04/22/2008 - Companion became Public Chapter 698
Bill TextCompanion Bill SB3756. Taxes, Real Property - Expands authority for Dyer County trustee to accept partial payment of property taxes to all counties and includes such payments made electronically via electronic fund transfers, preauthorized bank payments, wire transfers, ACH credits, or other method of electronic payment. - Amends TCA Title 67, Chapter 5, Part 18. Fiscal Summary for *HB3002 / SB3756MINIMAL Bill Summary for *HB3002 / SB3756 ON MARCH 10, 2008, THE SENATE ADOPTED AMENDMENT #2 AND RESET SENATE BILL 3756, AS AMENDED. AMENDMENT #2 extends authorization for the county trustee to accept partial payment of property taxes, including payments made via electronic fund transfers, preauthorized bank payments, wire transfers, ACH credits, or other method of electronic payment to Lawrence County. ON MARCH 17, 2008, THE SENATE [...] show full description | | Latest Action: 04/22/2008 - Public Chapter 698
Bill TextCompanion Bill HB3002. Taxes, Real Property - Expands authority for Dyer County trustee to accept partial payment of property taxes to all counties and includes such payments made electronically via electronic fund transfers, preauthorized bank payments, wire transfers, ACH credits, or other method of electronic payment. - Amends TCA Title 67, Chapter 5, Part 18. Fiscal Summary for SB3756 / *HB3002MINIMAL Bill Summary for SB3756 / *HB3002 ON MARCH 10, 2008, THE SENATE ADOPTED AMENDMENT #2 AND RESET SENATE BILL 3756, AS AMENDED. AMENDMENT #2 extends authorization for the county trustee to accept partial payment of property taxes, including payments made via electronic fund transfers, preauthorized bank payments, wire transfers, ACH credits, or other method of electronic payment to Lawrence County. ON MARCH 17, 2008, THE SENATE [...] show full description | | Latest Action: 04/02/2008 - Taken Off Notice For Calendar in Subcommittee Local Government of S&LG of State & Local Government Committee
Bill TextTaxes, Real Property - Requires certain counties to reduce the county property tax rate for a certain period if a payroll tax is levied by the county; requires certain municipalities to reduce the municipal property tax rate for a certain period if a payroll tax is levied by the municipality. - Amends TCA Title 5; Title 6; Title 7 and Title 67. Fiscal Summary for *HB3192 / SB3584 Decrease Local Revenue - Net Impact - $41,455,200/Permissive/Shelby County | | Latest Action: 01/23/2008 - Passed second consideration, Referred to Senate S&L Govt. Comm.
Bill TextTaxes, Real Property - Allows errors in appraised value to be corrected if the taxpayer can prove that the appraisal was more than 133 percent of the fair market value. - Amends TCA Title 67. Fiscal Summary for *SB3244 / HB3648 Increase State Revenue - $10,700 Increase State Expenditures - $107,200 Decrease Local Revenue - $2,500,000 | | Latest Action: 01/23/2008 - Passed second consideration, Referred to Senate S&L Govt. Comm.
Bill TextCompanion Bill HB3498. Taxes, Real Property - Requires division of property assessments to determine overall appraisal ratio and appraisal ratios for each subclass of real estate when making the appraisal ratio studies in all counties of the state as required by present law. - Amends TCA Title 67. Fiscal Summary for *SB3355 / HB3498 Increase State Expenditures - $432,000 Bill Summary for *SB3355 / HB3498 Under present law, the state board of equalization has the responsibility to determine whether or not property within each county of the state has been valued and assessed in accordance with the constitution and laws of this state. In order to assist the board in its determination, the division of property assessments must conduct appraisal ratio studies in all counties of the state at least every two years unless otherwise determined by the [...] show full description | | Latest Action: 02/12/2008 - Recommended for pass; Referred to Senate F,W&M Comm.
Bill TextTaxes, Real Property - Increases value of disabled homeowner residence on which tax relief is available from $25,000 to $30,000 on January 1, 2009. - Amends TCA Section 67-5-703. Fiscal Summary for *SB3543 / HB3822 Increase State Expenditures - $394,200 Increase Local Govt. Expenditures - Exceeds $100,000/Permissive | | Latest Action: 02/12/2008 - Recommended for pass; Referred to Senate F,W&M Comm.
Bill TextTaxes, Real Property - Increases value of elderly residence on which tax relief is available from $25,000 to $30,000 on January 1, 2009. - Amends TCA Section 67-5-702. Fiscal Summary for *SB3544 / HB3821 Increase State Expenditures - $2,546,000 Increase Local Govt. Expenditures - Exceeds $100,000/Permissive | | Latest Action: 01/23/2008 - Passed second consideration, Referred to Senate S&L Govt. Comm.
Bill TextTaxes, Real Property - Requires certain counties to reduce the county property tax rate for a certain period if a payroll tax is levied by the county; requires certain municipalities to reduce the municipal property tax rate for a certain period if a payroll tax is levied by the municipality. - Amends TCA Title 5; Title 6; Title 7 and Title 67. Fiscal Summary for SB3584 / *HB3192 Decrease Local Revenue - Net Impact - $41,455,200/Permissive/Shelby County | | Latest Action: 03/25/2008 - Assigned to Gen. Sub of Senate S&L Governor Comm.
Bill TextCompanion Bill HB3343. Taxes, Real Property - Requires appraisal of residential property for purposes of property taxation at the most recent sales price of the property or at the value set on January 1, 2008, whichever occurred later. - Amends TCA Title 67, Chapter 5. Fiscal Summary for *SB3699 / HB3343 Other Fiscal Impact - Local governments could meet the requirements of this bill in one of two ways, both of which require freezing appraised values at the January 1, 2008 level, including property that is subsequently sold or improved, to comply with constitutional equalization requirements. First, to maintain the existing level of revenue generated from property taxes, local governments could adjust property tax rates for all taxpayers without reassessing residential property values. Under this approach, there would be no net increase or decrease in local government [...] show full description | | Latest Action: 01/23/2008 - Passed second consideration, Referred to Senate S&L Govt. Comm.
Bill TextTaxes, Real Property - Raises the maximum income for disabled homeowners to qualify for tax relief from $20,000 to $24,000. - Amends TCA Section 67-5-703. Fiscal Summary for SB3714 / *HB2425 Increase State Expenditures - Exceeds $352,900 Increase Local Govt. Expenditures - Exceeds $100,000/Permissive Funding to increase the income ceiling to $24,000 for disabled taxpayers for tax year 2007 was erroneously included in the general appropriations bill for FY07-08 as part of the funding for Public Chapter 539 (which applied only to elderly taxpayers). | | Latest Action: 01/23/2008 - Passed second consideration, Referred to Senate S&L Govt. Comm.
Bill TextTaxes, Real Property - Increases value of disabled person's residence on which tax relief is available from $25,000 to $28,000 on January 1, 2009. - Amends TCA Title 67. Fiscal Summary for *SB3119 / HB3812 Decrease State Expenditures - Net Impact - $13,972,700 Decrease Local Govt. Expenditures - Net Impact - Not Significant | | Latest Action: 03/13/2008 - Re-Referred to Senate Calendar Comm.
Bill TextTaxes, Real Property - Sets the maximum income that disabled homeowners may have and still qualify for property tax relief at $24,000 for the 2007 tax year. - Amends TCA Section 67-5-703. Fiscal Summary for SB2967 / *HB2455 Increase State Expenditures - Exceeds $269,400 Increase Local Govt. Expenditures - Exceeds $100,000/Permissive Funding to increase the income ceiling to $24,000 for disabled taxpayers for tax year 2007 was erroneously included in the general appropriations bill for FY07-08 as part of the funding for Public Chapter 539 (which applied only to elderly taxpayers). | | Latest Action: 05/01/2008 - H. Placed on Regular Calendar for 5/6/08
Bill TextCompanion Bill HB2424. Taxes, Real Property - Permits Shelby County and the muncipalities 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 SB2981 / *HB2424 Decrease Local Govt. Revenues - Less than $10,000/ Permissive Bill Summary for SB2981 / *HB2424 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 [...] show full description | | Latest Action: 02/05/2008 - Assigned to Gen. Sub of: Senate Tax Sub Committee of F,W&M.
Bill TextCompanion Bill HB3404. Taxes, Real Property - Allows a credit of wheel tax paid against property tax owed to taxing jurisdiction by a real property owner. - Amends TCA Section 5-8-102 and Title 67, Chapter 5. Fiscal Summary for *SB2771 / HB3404 Decrease Local Govt. Revenue - Exceeds $22,800,000 Bill Summary for *SB2771 / HB3404 This bill creates a tax credit against property tax for persons who pay a wheel tax in the same jurisdiction that they pay property tax. The credit would be allowed for wheel tax paid on or after October 1 before the tax year the property tax is due and by September 30 of the tax year the property tax is due. If a person owns more than one piece of property, then that person must choose to which piece of property to apply the tax credit. In order to claim the credit, a person must present proof of payment of the wheel [...] show full description | | Latest Action: 05/01/2008 - H. Placed on Regular Calendar for 5/06/08
Bill TextCompanion Bill SB2639. Taxes, Real Property - Increases the income eligibility limit for disabled homeowners' property tax relief from $20,000 to $24,000. - Amends TCA Title 3; Title 4; Title 5; Title 6; Title 7; Title 8; Title 9; Title 12; Title 16; Title 30; Title 36; Title 39; Title 40; Title 45; Title 47; Title 48; Title 49; Title 55; Title 56; Title 57; Title 61; Title 62; Title 67; Title 68; Title 69; Title 70 and Title 71. Fiscal Summary for HB2637 / *SB2639 Increase State Expenditures - Exceeds $352,900 Increase Local Govt. Expenditures - Exceeds $100,000 / Permissive Funding to increase the income ceiling to $24,000 for disabled taxpayers for tax year 2007 was erroneously included in the general appropriations bill for FY07-08 as part of the funding for Public Chapter 539 (which applied only to elderly taxpayers). Bill Summary for [...] show full description | | Latest Action: 04/14/2008 - Received from Senate, held on House desk.
Bill TextCompanion Bill HB2637. Taxes, Real Property - Increases the income eligibility limit for disabled homeowners' property tax relief from $20,000 to $24,000. - Amends TCA Title 3; Title 4; Title 5; Title 6; Title 7; Title 8; Title 9; Title 12; Title 16; Title 30; Title 36; Title 39; Title 40; Title 45; Title 47; Title 48; Title 49; Title 55; Title 56; Title 57; Title 61; Title 62; Title 67; Title 68; Title 69; Title 70 and Title 71. Fiscal Summary for *SB2639 / HB2637 Increase State Expenditures - Exceeds $352,900 Increase Local Govt. Expenditures - Exceeds $100,000 / Permissive Funding to increase the income ceiling to $24,000 for disabled taxpayers for tax year 2007 was erroneously included in the general appropriations bill for FY07-08 as part of the funding for Public Chapter 539 (which applied only to elderly taxpayers). Bill Summary for [...] show full description | | Latest Action: 04/14/2008 - Companion Senate Bill Substituted
Bill TextTaxes, Real Property - Increases from $20,000 to $24,000 the maximum allowable income for determining eligibility to participate in the state's tax relief program for homeowners who are totally and permanently disabled. - Amends TCA Section 67-5-703. Fiscal Summary for HB2517 / *SB2541 Increase State Expenditures - Exceeds $269,000 Increase Local Govt. Expenditures - Exceeds $100,000/Permissive Funding to increase the income ceiling to $24,000 for disabled taxpayers for tax year 2007 was erroneously included in the general appropriations bill for FY07-08 as part of the funding for Public Chapter 539 (which applied only to elderly taxpayers). | | Latest Action: 03/06/2008 - Received from House, Passed first consideration
Bill TextTaxes, Real Property - Sets the maximum income that disabled homeowners may have and still qualify for property tax relief at $24,000 for the 2007 tax year. - Amends TCA Section 67-5-703. Fiscal Summary for *HB2455 / SB2967 Increase State Expenditures - Exceeds $269,400 Increase Local Govt. Expenditures - Exceeds $100,000/Permissive Funding to increase the income ceiling to $24,000 for disabled taxpayers for tax year 2007 was erroneously included in the general appropriations bill for FY07-08 as part of the funding for Public Chapter 539 (which applied only to elderly taxpayers). | | Latest Action: 04/25/2008 - Signed by Governor.
Bill TextTaxes, Real Property - Increases from $20,000 to $24,000 the maximum allowable income for determining eligibility to participate in the state's tax relief program for homeowners who are totally and permanently disabled. - Amends TCA Section 67-5-703. Fiscal Summary for *SB2541 / HB2517 Increase State Expenditures - Exceeds $269,000 Increase Local Govt. Expenditures - Exceeds $100,000/Permissive Funding to increase the income ceiling to $24,000 for disabled taxpayers for tax year 2007 was erroneously included in the general appropriations bill for FY07-08 as part of the funding for Public Chapter 539 (which applied only to elderly taxpayers). | | Latest Action: 04/24/2008 - Companion Senate Bill Substituted
Bill TextCompanion Bill SB2981. Taxes, Real Property - Permits Shelby County and the muncipalities 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 [...] show full description | | Latest Action: 04/02/2008 - Taken Off Notice For Calendar in Subcommittee Local Government of S&LG of State & Local Government Committee
Bill TextTaxes, Real Property - Raises the maximum income for disabled homeowners to qualify for tax relief from $20,000 to $24,000. - Amends TCA Section 67-5-703. Fiscal Summary for *HB2425 / SB3714 Increase State Expenditures - Exceeds $352,900 Increase Local Govt. Expenditures - Exceeds $100,000/Permissive Funding to increase the income ceiling to $24,000 for disabled taxpayers for tax year 2007 was erroneously included in the general appropriations bill for FY07-08 as part of the funding for Public Chapter 539 (which applied only to elderly taxpayers). | | Latest Action: 03/19/2008 - Placed Behind the Budget
Bill TextCompanion Bill SB3715. Taxes, Real Property - Provides that annual income limit for purposes of tax relief for disabled homeowners be the same as that for elderly, low-income homeowners. - Amends TCA Section 67-5-703. Fiscal Summary for *HB2426 / SB3715 Increase State Expenditures - Exceeds $278,000 Increase Local Govt. Expenditures - Exceeds $100,000/Permissive Bill Summary for *HB2426 / SB3715 Present law provides for property tax assistance for certain taxpayers who are totally and permanently disabled. Those taxpayers receive from the state general fund the amount necessary to pay or reimburse such taxpayers for all or part of the local property taxes paid for a given year on that property that the taxpayer owned and used as the taxpayer's residence as provided in this section. For tax year 2006, the taxpayer's [...] show full description | | Latest Action: 04/19/2007 - Re-Referred to Senate Calendar Comm.
Bill TextCompanion Bill HB1473. Industrial Development - Requires vote of approval by two thirds of county legislative body for an industrial development corporation to negotiate annual payments in lieu of taxes for less than an amount equal to property taxes that would have been available for local schools were its property not exempt. - Amends TCA Section 7-53-305. Fiscal Summary for SB2061 / *HB1473 Increase Local Govt. Revenues - Exceeds $17,500,000 Bill Summary for SB2061 / *HB1473 ON APRIL 19, 2007, THE SENATE ADOPTED AMENDMENT #1 AND RE-REFERRED SENATE BILL 2061 TO THE CALENDAR COMMITTEE. AMENDMENT #1 rewrites this bill. This amendment creates a special committee to conduct a study of payment-in-lieu-of-tax programs and their impact on education finance. The committee would consist of three members of the senate and three members of the [...] show full description | | Latest Action: 06/27/2007 - Public Chapter 500
Bill TextCompanion Bill SB2198. Taxes - Enacts the "Local Tourism Development Zone Business Tax Act." - Amends TCA Title 67. Fiscal Summary for *HB2296 / SB2198State Revenues - Net Impact - Not Significant Bill Summary for *HB2296 / SB2198 This bill revises various provisions of the state's tax code, as follows: (1) Present law imposes a tax on the recordation of transfers of realty. Certain transfers are exempt from the tax, including transfers of real estate to a revocable living trust. This bill revises the exemption from the recordation tax regarding revocable trusts to instead exempt the transfers of real estate to a revocable living trust under which the real estate reverts back to the transferor if the trust is revoked. (2) Under present law, the minimum franchise tax payable under the Franchise Tax Law is $100. This bill [...] show full description | | Latest Action: 06/27/2007 - Companion became Public Chapter 500
Bill TextCompanion Bill HB2296. Taxes - Enacts the "Local Tourism Development Zone Business Tax Act." - Amends TCA Title 67. Fiscal Summary for SB2198 / *HB2296State Revenues - Net Impact - Not Significant Bill Summary for SB2198 / *HB2296 This bill revises various provisions of the state's tax code, as follows: (1) Present law imposes a tax on the recordation of transfers of realty. Certain transfers are exempt from the tax, including transfers of real estate to a revocable living trust. This bill revises the exemption from the recordation tax regarding revocable trusts to instead exempt the transfers of real estate to a revocable living trust under which the real estate reverts back to the transferor if the trust is revoked. (2) Under present law, the minimum franchise tax payable under the Franchise Tax Law is $100. This bill [...] show full description | | Latest Action: 04/10/2007 - Assigned to Gen. Sub of: Senate S&L Govt. Comm.
Bill TextCompanion Bill HB1460. Taxes, Real Property - Revises information the assessor must give the trustee in regard to agricultural and forest land; revises provisions governing the calculation and ownership of acreages in regard to the limitation on the amount of property that may be classified as agricultural, forest, or open space. - Amends TCA Title 67, Chapter 5, Part 10. Fiscal Summary for SB2060 / *HB1460 Increase Local Govt. Revenues - Not Significant Bill Summary for SB2060 / *HB1460 This bill revises the Agricultural, Forest and Open Space Land Act, which allows land to be classified as agricultural land, forest land, or open space and thereby receive favorable tax treatment. Present law places a limit on the acreage for which a person may claim this treatment within any single taxing jurisdiction. For purposes of calculating this [...] show full description | | Latest Action: 05/23/2007 - Public Chapter 132
Bill TextCompanion Bill HB1470. Taxes, Real Property - Makes technical changes to reporting deadlines and confidentiality requirements with regard to property tax filings. - Amends TCA Title 67, Chapters 1 and 5. Fiscal Summary for SB2062 / *HB1470Increase State Expenditures - Not Significant Bill Summary for SB2062 / *HB1470 Under present law, certain back assessments or reassessments of taxes must be initiated prior to three years from September 1 of the tax year for which the original assessment was made. Also, it is the duty of a property tax payer to list tangible personal property used, or held for use, in the taxpayer's business or profession on a schedule and return it to the assessor prior to March 1 of each year. This bill revises the deadlines mentioned in these provisions so that the required action must be done "on or before" September 1 or [...] show full description | | Latest Action: 06/27/2007 - Public Chapter 482
Bill TextTaxes, Real Property - Increases the per diem for members of the assessment appeals commission from $75.00 to $95.00 for each day or part of a day in attendance at meetings of the assessment appeals commission. - Amends TCA Section 67-5-1502. Fiscal Summary for SB2063 / *HB1466 Increase State Expenditures - $2,200 | | Latest Action: 06/01/2007 - Companion became Public Chapter 256
Bill TextCompanion Bill HB1474. Taxes, Real Property - Specifies processing costs that may be assessed for appeals to the state board of equalization, even when hearing costs may not be assessed because the appeal has been withdrawn or because the parties have agreed to a settlement prior to a hearing; provides that no hearing costs will be assessed at the first level of hearing in any appeal of a local assessment for which the taxpayer is required to file directly with the board and for which there is no right of first hearing before the county board of equalization. - Amends TCA Section 67-5-1501. Fiscal Summary for SB2064 / *HB1474 Increase State Revenues - $14,300 Bill Summary for SB2064 / *HB1474 ON MAY 9, 2007, THE SENATE SUBSTITUTED HOUSE BILL 1474 FOR SENATE BILL 2064, ADOPTED AMENDMENT #1, AND PASSED HOUSE BILL 1474, AS AMENDED. AMENDMENT [...] show full description | | Latest Action: 05/23/2007 - Public Chapter 133
Bill TextEqualization Board - Changes provisions regarding when the state board will accept an appeal from the taxpayer to specify that the appeal will be accepted up to March 1 of "the year in which the time for appeal to the state board has began to run" instead of "the year in which the assessment was made." - Amends TCA Section 67-5-1412. Fiscal Summary for SB2065 / *HB1465 Decrease Local Govt. Revenues - Less than $50,000 | | Latest Action: 06/19/2007 - Public Chapter 332
Bill TextCompanion Bill HB1462. Taxes, Real Property - Specifies, in regard to the provision whereby a condition for appeal is that the undisputed portion of the tax levied be paid before the delinquent date of the tax and that no delinquent taxes have accrued on the property, that failure to pay the undisputed portion of the tax or any other delinquency on the property by the time of the hearing will result in dismissal and loss of further right to administrative appeal. - Amends TCA Section 67-5-1512. Fiscal Summary for SB2066 / *HB1462 Other Fiscal Impact - To the extent that there are fewer appeals as a result of the dismissal of certain appeals, there will be a decrease in state expenditures. Such decrease is estimated to be not significant. To the extent that local governments increase tax collections due to the more stringent appeal guidelines, collections on taxes due may [...] show full description | | Latest Action: 04/16/2008 - Taken Off Notice For Calendar in Subcommittee Local Government of S&LG of State & Local Government Committee
Bill TextCompanion Bill SB1955. Housing - Provides for the classification of certain property as affordable housing rental property. - Amends TCA Title 13 and Title 67. Fiscal Summary for HB2160 / *SB1955 Decrease Local Govt. Revenues - Exceeds $1,680,000 Bill Summary for HB2160 / *SB1955 This bill allows a property owner to apply for classification as affordable housing rental property on any assessment roll of any county by filing an application for the classification with the assessor of property. Land or improvements classified by the assessor as affordable housing rental property under the provisions of this bill will be valued in accordance with its present use value. The assessor will determine whether such land or improvements are affordable housing rental property, and, if such determination is made, the assessor will classify and include [...] show full description | | Latest Action: 04/25/2007 - Taken Off Notice For Calendar in Subcommittee Local Government of S&LG of State & Local Government Committee
Bill TextCompanion Bill SB1579. Taxes, Real Property - Implements the recently adopted constitutional amendment that authorizes counties and cities to implement programs of tax relief for certain elderly homeowners. - Amends TCA Section 67-5-705. Fiscal Summary for HB2137 / *SB1579Increase Local Govt. Expenditures - Exceeds $100,000/ One-Time/Permissive Exceeds $1,000,000/Recurring/Permissive Decrease Local Govt. Revenues - Exceeds $1,000,000 Bill Summary for HB2137 / *SB1579 The Constitution of the State of Tennessee provides for taxation of real property and authorizes the state legislature to provide tax relief to elderly low-income taxpayers through payments by the state to reimburse all or part of the county or city taxes paid by such persons on owner-occupied residential property. In 1979, the general assembly enacted [...] show full description | | Latest Action: 05/03/2007 - Companion became Public Chapter 66
Bill TextTaxes, Exemption and Credits - Specifies that the local approval required by a county in order for property owned by a nonprofit community and performing arts organization to be eligible for a property tax exemption as a charitable or educational use of property must be approval by a two-thirds vote. - Amends TCA Title 67, Chapter 5, Part 10. Fiscal Summary for SB2067 / *HB1461 MINIMAL | | Latest Action: 06/11/2007 - Assigned to Gen. Sub of: Senate Finance, Ways and Means Comm.
Bill TextCompanion Bill HB2160. Housing - Provides for the classification of certain property as affordable housing rental property. - Amends TCA Title 13 and Title 67. Fiscal Summary for *SB1955 / HB2160 Decrease Local Govt. Revenues - Exceeds $1,680,000 Bill Summary for *SB1955 / HB2160 This bill allows a property owner to apply for classification as affordable housing rental property on any assessment roll of any county by filing an application for the classification with the assessor of property. Land or improvements classified by the assessor as affordable housing rental property under the provisions of this bill will be valued in accordance with its present use value. The assessor will determine whether such land or improvements are affordable housing rental property, and, if such determination is made, the assessor will classify and include [...] show full description | | Latest Action: 05/22/2007 - Action Deferred in State & Local Government Committee to 2008
Bill TextTaxes, Real Property - Increases from 12 to 18 months the period in which a delinquent taxpayer may redeem his or her real property that was sold for unpaid property taxes. - Amends TCA Title 67, Chapter 5, Part 27. Fiscal Summary for HB1600 / *SB0381 Increase Local Govt. Expenditures - Not Significant | | Latest Action: 07/12/2007 - Companion became Public Chapter 539
Bill TextCompanion Bill SB1050. Taxes, Real Property - Increases elderly income level on which tax relief can be sought from not exceeding $20,000 in tax year 2006 to not exceeding $24,000 in tax year 2007. - Amends TCA Section 67-5-702. Fiscal Summary for HB1629 / *SB1050 Increase State Expenditures - Exceeds $3,600,000 Bill Summary for HB1629 / *SB1050 ON JUNE 11, 2007, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 1050, AS AMENDED. AMENDMENT #1 rewrites this bill and increases the elderly income level on which property tax relief can be sought from not exceeding $20,000 in tax year 2006 to not exceeding $24,000 in tax year 2007. This amendment retains present law, which requires the annual income limit to be adjusted each tax year to reflect the cost of living adjustment for social security recipients as determined by the social security [...] show full description | | Latest Action: 02/28/2007 - Assigned to Subcommittee Local Government of S&LG
Bill TextCompanion 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 [...] show full description | | Latest Action: 04/30/2007 - Companion became Public Chapter 51
Bill TextCompanion Bill SB1106. Taxes, Real Property - Authorizes assessors to set a date within which a taxpayer or owner may seek concurrence to directly appeal valuation of certain property to the state board of equalization. - Amends TCA Section 67-5-1412. Fiscal Summary for HB1761 / *SB1106 Increase State Expenditures - Not Significant Decrease Local Govt. Expenditures - Not Significant/Permissive Bill Summary for HB1761 / *SB1106 Present law authorizes taxpayers and property owners in certain counties, with the written consent of the property assessor, to appeal the valuation of industrial and commercial real and tangible personal property to the local board of equalization or directly to the state board of equalization. A direct appeal to the state board of equalization must be filed before August 1 of the tax year. Any taxpayer or owner who desires [...] show full description | | Latest Action: 02/26/2007 - Assigned to Subcommittee Local Government of S&LG
Bill TextCompanion Bill SB2060. Taxes, Real Property - Revises information the assessor must give the trustee in regard to agricultural and forest land; revises provisions governing the calculation and ownership of acreages in regard to the limitation on the amount of property that may be classified as agricultural, forest, or open space. - Amends TCA Title 67, Chapter 5, Part 10. Fiscal Summary for *HB1460 / SB2060 Increase Local Govt. Revenues - Not Significant Bill Summary for *HB1460 / SB2060 This bill revises the Agricultural, Forest and Open Space Land Act, which allows land to be classified as agricultural land, forest land, or open space and thereby receive favorable tax treatment. Present law places a limit on the acreage for which a person may claim this treatment within any single taxing jurisdiction. For purposes of calculating this [...] show full description | | Latest Action: 06/06/2007 - Action Deferred in Subcommittee Budget of Finance, Ways and Means to 6/7/2007
Bill TextCompanion Bill SB2061. Industrial Development - Requires vote of approval by two thirds of county legislative body for an industrial development corporation to negotiate annual payments in lieu of taxes for less than an amount equal to property taxes that would have been available for local schools were its property not exempt. - Amends TCA Section 7-53-305. Fiscal Summary for *HB1473 / SB2061 Increase Local Govt. Revenues - Exceeds $17,500,000 Bill Summary for *HB1473 / SB2061 ON APRIL 19, 2007, THE SENATE ADOPTED AMENDMENT #1 AND RE-REFERRED SENATE BILL 2061 TO THE CALENDAR COMMITTEE. AMENDMENT #1 rewrites this bill. This amendment creates a special committee to conduct a study of payment-in-lieu-of-tax programs and their impact on education finance. The committee would consist of three members of the senate and three members of the [...] show full description | | Latest Action: 06/19/2007 - Companion became Public Chapter 332
Bill TextCompanion Bill SB2066. Taxes, Real Property - Specifies, in regard to the provision whereby a condition for appeal is that the undisputed portion of the tax levied be paid before the delinquent date of the tax and that no delinquent taxes have accrued on the property, that failure to pay the undisputed portion of the tax or any other delinquency on the property by the time of the hearing will result in dismissal and loss of further right to administrative appeal. - Amends TCA Section 67-5-1512. Fiscal Summary for *HB1462 / SB2066 Other Fiscal Impact - To the extent that there are fewer appeals as a result of the dismissal of certain appeals, there will be a decrease in state expenditures. Such decrease is estimated to be not significant. To the extent that local governments increase tax collections due to the more stringent appeal guidelines, collections on taxes due may [...] show full description | | Latest Action: 06/27/2007 - Companion became Public Chapter 482
Bill TextTaxes, Real Property - Increases the per diem for members of the assessment appeals commission from $75.00 to $95.00 for each day or part of a day in attendance at meetings of the assessment appeals commission. - Amends TCA Section 67-5-1502. Fiscal Summary for *HB1466 / SB2063 Increase State Expenditures - $2,200 | | Latest Action: 05/23/2007 - Companion became Public Chapter 132
Bill TextCompanion Bill SB2062. Taxes, Real Property - Makes technical changes to reporting deadlines and confidentiality requirements with regard to property tax filings. - Amends TCA Title 67, Chapters 1 and 5. Fiscal Summary for *HB1470 / SB2062Increase State Expenditures - Not Significant Bill Summary for *HB1470 / SB2062 Under present law, certain back assessments or reassessments of taxes must be initiated prior to three years from September 1 of the tax year for which the original assessment was made. Also, it is the duty of a property tax payer to list tangible personal property used, or held for use, in the taxpayer's business or profession on a schedule and return it to the assessor prior to March 1 of each year. This bill revises the deadlines mentioned in these provisions so that the required action must be done "on or before" September 1 or [...] show full description | | Latest Action: 06/01/2007 - Public Chapter 256
Bill TextCompanion Bill SB2064. Taxes, Real Property - Specifies processing costs that may be assessed for appeals to the state board of equalization, even when hearing costs may not be assessed because the appeal has been withdrawn or because the parties have agreed to a settlement prior to a hearing; provides that no hearing costs will be assessed at the first level of hearing in any appeal of a local assessment for which the taxpayer is required to file directly with the board and for which there is no right of first hearing before the county board of equalization. - Amends TCA Section 67-5-1501. Fiscal Summary for *HB1474 / SB2064 Increase State Revenues - $14,300 Bill Summary for *HB1474 / SB2064 ON MAY 9, 2007, THE SENATE SUBSTITUTED HOUSE BILL 1474 FOR SENATE BILL 2064, ADOPTED AMENDMENT #1, AND PASSED HOUSE BILL 1474, AS AMENDED. AMENDMENT [...] show full description | | Latest Action: 05/23/2007 - Companion became Public Chapter 133
Bill TextEqualization Board - Changes provisions regarding when the state board will accept an appeal from the taxpayer to specify that the appeal will be accepted up to March 1 of "the year in which the time for appeal to the state board has began to run" instead of "the year in which the assessment was made." - Amends TCA Section 67-5-1412. Fiscal Summary for *HB1465 / SB2065 Decrease Local Govt. Revenues - Less than $50,000 | | Latest Action: 05/03/2007 - Public Chapter 66
Bill TextTaxes, Exemption and Credits - Specifies that the local approval required by a county in order for property owned by a nonprofit community and performing arts organization to be eligible for a property tax exemption as a charitable or educational use of property must be approval by a two-thirds vote. - Amends TCA Title 67, Chapter 5, Part 10. Fiscal Summary for *HB1461 / SB2067 MINIMAL | | Latest Action: 05/02/2007 - Action Deferred in Subcommittee Local Government of S&LG to 5/9/2007
Bill TextCompanion Bill SB1370. Taxes, Real Property - Exempts American Legion posts from real property taxes. - Amends TCA Title 67, Chapter 5, Part 2. Fiscal Summary for HB1304 / *SB1370 MINIMAL Bill Summary for HB1304 / *SB1370 This bill exempts the property of the American Legion from the property tax when the property is not used for revenue producing activities, but is used for charitable or educational meetings. If part of the property is used for revenue producing activities, then the part so used would not be exempt from property taxation; provided, that the real property on which the building is situated would be exempt from property taxation. NOTE: This bill cites 36 U.S.C. 2701, but the correct citation is 36 U.S.C. 21701. | | Latest Action: 05/21/2007 - Assigned to Gen. Sub of Senate F,W&M Comm.
Bill TextCompanion Bill HB1638. 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 *SB1238 / HB1638Increase 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 *SB1238 / HB1638 [...] show full description | | Latest Action: 03/20/2007 - Referred to Senate F,W,&M Comm. w/o recommend
Bill TextCompanion Bill HB1304. Taxes, Real Property - Exempts American Legion posts from real property taxes. - Amends TCA Title 67, Chapter 5, Part 2. Fiscal Summary for *SB1370 / HB1304 MINIMAL Bill Summary for *SB1370 / HB1304 This bill exempts the property of the American Legion from the property tax when the property is not used for revenue producing activities, but is used for charitable or educational meetings. If part of the property is used for revenue producing activities, then the part so used would not be exempt from property taxation; provided, that the real property on which the building is situated would be exempt from property taxation. NOTE: This bill cites 36 U.S.C. 2701, but the correct citation is 36 U.S.C. 21701. | | Latest Action: 05/23/2007 - Public Chapter 180
Bill TextCompanion Bill HB0467. Taxes, Real Property - Clarifies that transfers of real estate to or from a revocable living trust are exempt from transfer tax only if the trust was created by the transferor or the transferor's spouse, and further clarifies that deeds executed by the trustee of a revocable living trust to implement a testamentary devise by the trustor of the trust are exempt from transfer tax. - Amends TCA Title 67. Fiscal Summary for SB1373 / *HB0467 MINIMAL Bill Summary for SB1373 / *HB0467 Present law imposes a tax on the recordation of transfers of realty. Certain transfers are exempt from the tax, including transfers of real estate to a revocable living trust. This bill revises the exemption from the recordation tax regarding revocable trusts to instead exempt the following transfers: (1) Transfers by a transferor of real [...] show full description | | Latest Action: 02/12/2007 - Passed second consideration, Referred to Senate S&L Govt. Comm.
Bill TextCompanion Bill HB2137. Taxes, Real Property - Implements the recently adopted constitutional amendment that authorizes counties and cities to implement programs of tax relief for certain elderly homeowners. - Amends TCA Section 67-5-705. Fiscal Summary for *SB1579 / HB2137Increase Local Govt. Expenditures - Exceeds $100,000/ One-Time/Permissive Exceeds $1,000,000/Recurring/Permissive Decrease Local Govt. Revenues - Exceeds $1,000,000 Bill Summary for *SB1579 / HB2137 The Constitution of the State of Tennessee provides for taxation of real property and authorizes the state legislature to provide tax relief to elderly low-income taxpayers through payments by the state to reimburse all or part of the county or city taxes paid by such persons on owner-occupied residential property. In 1979, the general assembly enacted [...] show full description | | Latest Action: 06/27/2007 - Public Chapter 514
Bill TextCompanion Bill HB0894. Taxes, Real Property - Revises provisions governing classification pursuant to the Agricultural, Forest and Open Spaces Land Act. - Amends TCA Title 11, Chapter 14, Part 2; Title 11, Chapter 15, Part 1 and Title 67, Chapter 5, Part 10. Fiscal Summary for SB1872 / *HB0894 MINIMAL Bill Summary for SB1872 / *HB0894 ON JUNE 4, 2007, THE SENATE ADOPTED AMENDMENT #2 AND PASSED SENATE BILL 1872, AS AMENDED. AMENDMENT #2 rewrites this bill. Under present law, where an open space easement has been executed and recorded for the benefit of a local government or as a protective easement, the assessor of property must thereafter assess the value and classification of such land, and taxes must be computed and recorded each year both on the basis of: (1) Farm classification and value in its existing use under the Agricultural,[...] show full description | | Latest Action: 06/26/2007 - Public Chapter 449
Bill TextCompanion Bill SB1300. Taxes, Ad Valorem - Imposes additional reporting requirements on lessees of industrial development corporations concerning payments in lieu of taxes; requires lessees of public building authorities, sports authorities, enterprise zone development corporations, tax increment financing projects, and city and county property to make same reports to the state board of equalization. - Amends TCA Title 7, Chapters 53 through 67; Title 13, Chapters 20 through 23 and Title 67, Chapter 5. Fiscal Summary for *HB0930 / SB1300 Increase State Expenditures - Exceeds $170,000 Increase Local Govt. Expenditures - Not Significant Bill Summary for *HB0930 / SB1300 Present law requires industrial development corporation lessees to submit an annual report to the state board of equalization by October 1 of each year. This report must contain [...] show full description | | Latest Action: 06/26/2007 - Companion became Public Chapter 449
Bill TextCompanion Bill HB0930. Taxes, Ad Valorem - Imposes additional reporting requirements on lessees of industrial development corporations concerning payments in lieu of taxes; requires lessees of public building authorities, sports authorities, enterprise zone development corporations, tax increment financing projects, and city and county property to make same reports to the state board of equalization. - Amends TCA Title 7, Chapters 53 through 67; Title 13, Chapters 20 through 23 and Title 67, Chapter 5. Fiscal Summary for SB1300 / *HB0930 Increase State Expenditures - Exceeds $170,000 Increase Local Govt. Expenditures - Not Significant Bill Summary for SB1300 / *HB0930 Present law requires industrial development corporation lessees to submit an annual report to the state board of equalization by October 1 of each year. This report must contain [...] show full description | | Latest Action: 02/29/2008 - Public Chapter 606
Bill TextCompanion Bill SB0484. Taxes, Real Property - Specifies that a delinquent tax sale purchaser is not prohibited from filing suit to quiet title after expiration of the redemption period, notwithstanding the deadline for tax sale challenges. - Amends TCA Title 67, Chapter 5. Fiscal Summary for HB0887 / *SB0484 MINIMAL Bill Summary for HB0887 / *SB0484 Present law provides that no suit may be commenced in any court of the state to invalidate any tax title to land after three years from the time the land was sold for taxes, except in case of persons under disability, who will have one year in which to bring suit after such disability is removed. This bill rewrites the above provision to instead provide that no such suit may be commenced within three years from the date the taxes first became delinquent. This bill removes the present law provision [...] show full description | | Latest Action: 06/27/2007 - Companion became Public Chapter 514
Bill TextCompanion Bill SB1872. Taxes, Real Property - Revises provisions governing classification pursuant to the Agricultural, Forest and Open Spaces Land Act. - Amends TCA Title 11, Chapter 14, Part 2; Title 11, Chapter 15, Part 1 and Title 67, Chapter 5, Part 10. Fiscal Summary for *HB0894 / SB1872 MINIMAL Bill Summary for *HB0894 / SB1872 ON JUNE 4, 2007, THE SENATE ADOPTED AMENDMENT #2 AND PASSED SENATE BILL 1872, AS AMENDED. AMENDMENT #2 rewrites this bill. Under present law, where an open space easement has been executed and recorded for the benefit of a local government or as a protective easement, the assessor of property must thereafter assess the value and classification of such land, and taxes must be computed and recorded each year both on the basis of: (1) Farm classification and value in its existing use under the Agricultural,[...] show full description | | Latest Action: 07/12/2007 - Public Chapter 539
Bill TextCompanion Bill HB1629. Taxes, Real Property - Increases elderly income level on which tax relief can be sought from not exceeding $20,000 in tax year 2006 to not exceeding $24,000 in tax year 2007. - Amends TCA Section 67-5-702. Fiscal Summary for *SB1050 / HB1629 Increase State Expenditures - Exceeds $3,600,000 Bill Summary for *SB1050 / HB1629 ON JUNE 11, 2007, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 1050, AS AMENDED. AMENDMENT #1 rewrites this bill and increases the elderly income level on which property tax relief can be sought from not exceeding $20,000 in tax year 2006 to not exceeding $24,000 in tax year 2007. This amendment retains present law, which requires the annual income limit to be adjusted each tax year to reflect the cost of living adjustment for social security recipients as determined by the social security [...] show full description | | Latest Action: 05/09/2007 - Taken Off Notice For Calendar in Subcommittee Local Government of S&LG of State & Local Government Committee
Bill TextCompanion Bill SB1078. Taxes, Real Property - Authorizes local governments to implement the recently adopted constitutional amendment permitting local programs of tax relief to certain elderly homeowners. - Amends TCA Title 67, Chapter 5, Part 7. Fiscal Summary for *HB0897 / SB1078 Increase Local Govt. Expenditures - Exceeds $100,000/One-Time/Permissive Exceeds $1,000,000/Recurring/Permissive Decrease Local Govt. Revenues - Exceeds $1,000,000/Permissive Bill Summary for *HB0897 / SB1078 The Constitution of the State of Tennessee provides for taxation of real property and authorizes the state legislature to provide tax relief to elderly low-income taxpayers through payments by the state to reimburse all or part of the county or city taxes paid by such persons on owner-occupied [...] show full description | | Latest Action: 05/01/2007 - Assigned to Gen. Sub of: Senate S&L Govt. Comm.
Bill TextCompanion Bill HB0897. Taxes, Real Proper |
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