Amends TCA Section 67-5-212.
Tennessee HB0426 amends TCA Section 67-5-212 to create a property tax exemption for nonprofit religious institutions that own land in Davidson County, provided they have an associated nonprofit business and the land is used for exempt purposes. The bill allows these institutions to apply for the exemption retroactively for up to three years from the application date or from when the property began being used for exempt purposes. It does not require counties to refund taxes collected prior to the bill's effective date.
Tennessee HB0426 amends TCA Section 67-5-212 to create a property tax exemption for nonprofit religious institutions that own land in Davidson County, provided they have an associated nonprofit business and the land is used for exempt purposes. The bill allows these institutions to apply for the exemption retroactively for up to three years from the application date or from when the property began being used for exempt purposes. It does not require counties to refund taxes collected prior to the bill's effective date.
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Love, Jr., Harold
114th General Assembly
January 28, 2025
March 19, 2025
Returned to the Clerk's Desk.