Amends TCA Section 67-4-409.
Tennessee HB0095 amends TCA Section 67-4-409 to require that 50% of the revenue collected from recordation taxes be returned to the county where the real property is located. This provision applies to transfers of real property occurring on or after July 1, 2025. The bill primarily affects counties by providing them with a share of the recordation tax revenue generated from property transactions.
Tennessee HB0095 amends TCA Section 67-4-409 to require that 50% of the revenue collected from recordation taxes be returned to the county where the real property is located. This provision applies to transfers of real property occurring on or after July 1, 2025. The bill primarily affects counties by providing them with a share of the recordation tax revenue generated from property transactions.
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