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TN SB1824
TN SB1824AN ACT to amend Tennessee Code Annotated, Section 11-14-307; Section 11-14-406; Section 11-7-109; Title 66; Section 67-4-409; Title 67, Chapter 5, Part 10 and Section 67-5-2402, relative to rollback taxes.
summary
Introduced
01/20/2026
01/20/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, eliminates liability for rollback taxes on agricultural, forest, or open space land with a greenbelt classification when the land is sold; requires that a buyer of property with a greenbelt classification submit a new application to renew the property's greenbelt classification. - Amends TCA Section 11-14-307; Section 11-14-406; Section 11-7-109; Title 66; Section 67-4-409; Title 67, Chapter 5, Part 10 and Section 67-5-2402.
AI Summary
This bill amends Tennessee law to eliminate the requirement for rollback taxes, which are additional taxes levied when land previously classified for agricultural, forest, or open space use (often referred to as "greenbelt" classification) is sold and no longer meets those criteria. Specifically, it removes the provision that triggers rollback taxes upon the sale or transfer of such land, even if the new owner does not renew the greenbelt classification. However, the bill does require that a buyer of property with a greenbelt classification must submit a new application to renew that classification to maintain its benefits. These changes are intended to take effect on July 1, 2026, and will apply to property sales occurring on or after that date.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Senate Revenue Subcommittee Of Finance, Ways & Means Hearing (00:00:00 3/3/2026 Cordell Hull Building) (on 03/03/2026)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB1824&ga=114 |
| Fiscal Note - SB1824 | https://www.capitol.tn.gov/Bills/114/Fiscal/SB1824.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/SB1824.pdf |
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