Tennessee Senate Bill 986: Taxes, Real Property - As introduced, requires half the revenue collected from recordation taxes be returned to the county in which the real property is located on a recurring basis; applies to transfers of real property on or after July 1, 2025. - Amends TCA Section 67-4-409.

Tennessee · 114 session

Status: Passed one chamber

What it does

As introduced, requires half the revenue collected from recordation taxes be returned to the county in which the real property is located on a recurring basis; applies to transfers of real property on or after July 1, 2025. - Amends TCA Section 67-4-409.

Latest action

Passed on Second Consideration, refer to Senate State and Local Government Committee (2025-02-12)

See how SB 986 affects you on CapitolKey

Browse more bills · CapitolKey home