Amends TCA Title 5; Title 6 and Title 67, Chapter 5.

Tennessee HB0402 authorizes property owners to apply for a property tax exemption for portions of real property that provide tree canopy, contingent upon approval from the county governing body. The bill establishes criteria for determining tree canopy coverage, outlines application procedures, and specifies that the exemption applies only to the value of the property under tree canopy. Key provisions include the requirement for an implementing agency to assess tree canopy coverage, the ability for counties to decide the types of properties eligible for the exemption, and a defined exemption period of up to seven years, subject to recertification.