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TN SB2054
TN SB2054AN ACT to amend Tennessee Code Annotated, Section 67-5-212, relative to property tax exemptions.
summary
Introduced
01/22/2026
01/22/2026
In Committee
Crossed Over
03/16/2026
03/16/2026
Passed
Dead
Introduced Session
Potential new amendment
114th General Assembly
Bill Summary
As introduced, increases exemption to a maximum of 400 acres for certain nonprofit entities. - Amends TCA Section 67-5-212.
AI Summary
This bill amends Tennessee Code Annotated, Section 67-5-212, to increase the property tax exemption for certain nonprofit entities to a maximum of 400 acres, specifically for those that own or operate a "premier type tourist resort" as defined by a specific section of state law (§ 57-4-102(30)(LLLLLL)). This means that qualifying nonprofit organizations that run these types of resorts will now be eligible for a larger exemption on their property taxes, up to 400 acres, which could provide significant financial relief and encourage the development or continued operation of such tourist destinations.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Rcvd. from S., held on H. desk. (on 03/19/2026)
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=SB2054&ga=114 |
| Amendment 1-0 to SB2054 | https://www.capitol.tn.gov/Bills/114/Amend/SA0624.pdf |
| Fiscal Memo for SA0624 (13227) | https://www.capitol.tn.gov/Bills/114/Fiscal/FM1555.pdf |
| Fiscal Note - SB2054 | https://www.capitol.tn.gov/Bills/114/Fiscal/SB2054.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/SB2054.pdf |
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