Amends TCA Section 67-4-409.

Subject to various exceptions, present law generally levies a recordation tax of 37 cents per $100 on transfers of realty. This bill exempts from the recordation tax on the transfer of realty the sale of residential property if a real property platform purchases the residential property and then sells the property through itself or an affiliate. For purposes of this bill, "real property platform" means a business entity that operates an internet website or application that: (1) Disseminates residential property information to consumers through the platform; (2) Facilitates real property transactions by enabling consumers to purchase, sell, or rent residential property; and (3) Purchases and assumes title itself, or through an affiliate, to residential property without taking residence to the property, with the intent to sell the property to a third party.