Bill > SB0247

This bill amends Tennessee's Agricultural, Forest and Open Space Land Act of 1976 to clarify property ownership rules for land held under specific ownership arrangements. Specifically, the legislation addresses properties qualified as agricultural, forest, or open space land that are owned by two individuals under tenancy by the entireties or joint tenancy with right of survivorship. The bill ensures that such properties maintain their qualified status and are considered to have unchanged ownership in two scenarios: first, upon the death of one owner if the property is retained by the surviving owner through right of survivorship; and second, in the event of a divorce, if the property is retained by either owner through property division in the divorce proceeding. This change prevents these properties from losing their special land classification due to changes in ownership that occur through death or divorce, which could previously have required reapplication for the land's designated status. The bill takes effect immediately upon becoming law, with the goal of providing stability and continuity for landowners in these specific ownership situations.

Government Affairs

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB0247&ga=114