Amends TCA Section 67-5-212.
Tennessee SB2054 amends TCA Section 67-5-212 to increase the property tax exemption limit for certain nonprofit entities to a maximum of 400 acres. This bill affects nonprofit organizations that own property used for charitable purposes. The key provision is the adjustment of the acreage cap for tax exemptions, allowing these entities to benefit from a larger exemption than previously permitted.
Tennessee SB2054 amends TCA Section 67-5-212 to increase the property tax exemption limit for certain nonprofit entities to a maximum of 400 acres. This bill affects nonprofit organizations that own property used for charitable purposes. The key provision is the adjustment of the acreage cap for tax exemptions, allowing these entities to benefit from a larger exemption than previously permitted.
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