Amends TCA Section 67-4-409.
Tennessee SB0986 amends TCA Section 67-4-409 to mandate that 50% of the revenue collected from recordation taxes be returned to the county where the real property is located. This change 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 SB0986 amends TCA Section 67-4-409 to mandate that 50% of the revenue collected from recordation taxes be returned to the county where the real property is located. This change 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.
Track Tennessee Legislation Like a Pro
Join hundreds of professionals using LegisGo to stay ahead of legislative changes.
Instant Alerts
Get notified when bills you track move through the legislature
AI Summaries
Understand complex legislation in seconds with AI-powered analysis
Full Access
All 132 legislators, committee schedules, and voting records