Amends TCA Title 67, Chapter 5.
Tennessee HB2409 amends Title 67, Chapter 5 of the Tennessee Code Annotated by introducing an exception to the existing requirement that mineral and other interests in real property be assessed to the owner of the real property. This bill affects property owners and entities holding mineral interests, potentially altering how these interests are assessed for taxation purposes. The key provision is the establishment of the new exception, which may change the responsibility for assessment from the property owner to another party.
Tennessee HB2409 amends Title 67, Chapter 5 of the Tennessee Code Annotated by introducing an exception to the existing requirement that mineral and other interests in real property be assessed to the owner of the real property. This bill affects property owners and entities holding mineral interests, potentially altering how these interests are assessed for taxation purposes. The key provision is the establishment of the new exception, which may change the responsibility for assessment from the property owner to another party.
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