Bill > SB0643

This bill amends Tennessee property tax law to provide a property tax exemption specifically for nonprofit religious institutions in Davidson County (which has a metropolitan form of government and population over 500,000). Under the new provision, if a nonprofit religious institution has an associated nonprofit business and acquires land parcels for its exempt purposes, it can apply for a property tax exemption that can be retroactively claimed up to three years prior to the application date or when the institution began using the property for exempt purposes. The law applies to properties acquired before the bill's effective date, meaning these properties will not be taxed while owned by the exempt religious institution and used for its core purposes. Importantly, the bill does not require the county to refund any taxes already collected before the law takes effect. This targeted exemption appears designed to provide financial relief and flexibility for religious institutions in Davidson County by allowing them to more easily claim property tax exemptions for lands used in pursuit of their organizational mission.