Amends TCA Section 67-4-409.
Tennessee SB0469 amends TCA Section 67-4-409 regarding the privilege tax on realty transfers and indebtedness. The bill modifies the distribution of the collected taxes, allowing county registers to retain 50% of their 5% commission for county general funds, while the remainder must be remitted to the state treasurer. Additionally, it specifies allocations for special agency accounts and changes the handling of growth in recordation tax collections.
Tennessee SB0469 amends TCA Section 67-4-409 regarding the privilege tax on realty transfers and indebtedness. The bill modifies the distribution of the collected taxes, allowing county registers to retain 50% of their 5% commission for county general funds, while the remainder must be remitted to the state treasurer. Additionally, it specifies allocations for special agency accounts and changes the handling of growth in recordation tax collections.
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Bowling, Janice
114th General Assembly
January 29, 2025
April 2, 2025
Assigned to General Subcommittee of Senate State and Local Government Committee