Amends TCA Title 67, Chapter 5.
Tennessee SB2416 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 are assessed to the owner of the real property. This change affects property owners and potentially alters the assessment process for mineral rights and related interests. The key provision is the establishment of criteria under which these interests may not be assessed to the real property owner.
Tennessee SB2416 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 are assessed to the owner of the real property. This change affects property owners and potentially alters the assessment process for mineral rights and related interests. The key provision is the establishment of criteria under which these interests may not be assessed to the real property owner.
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