Amends TCA Section 67-5-2701.
Tennessee SB1983 amends TCA Section 67-5-2701 to revise the standards for the length of the redemption period for properties subject to tax sales, distinguishing between periods of delinquency that are three years or less and those that exceed three years. This bill affects property owners facing tax delinquency and outlines different redemption timelines based on the duration of their delinquency. Key provisions include the establishment of separate redemption periods to provide clarity and potentially different outcomes for property owners based on their specific delinquency duration.
Tennessee SB1983 amends TCA Section 67-5-2701 to revise the standards for the length of the redemption period for properties subject to tax sales, distinguishing between periods of delinquency that are three years or less and those that exceed three years. This bill affects property owners facing tax delinquency and outlines different redemption timelines based on the duration of their delinquency. Key provisions include the establishment of separate redemption periods to provide clarity and potentially different outcomes for property owners based on their specific delinquency duration.
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