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Bill > SB2126
TN SB2126
TN SB2126AN ACT to amend Tennessee Code Annotated, Title 4; Title 5; Title 6; Title 7; Title 13; Title 47; Title 48; Title 61; Title 66 and Title 67, relative to real estate investment trusts.
summary
Introduced
01/22/2026
01/22/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, requires the comptroller of the treasury to submit a report, on or before December 31, 2026, to the governor, the speaker of the senate, the speaker of the house of representatives, the chair of the state and local government committee of the senate, and the chair of the committee of the house of representatives having jurisdiction over housing containing a summary of certain de-identified information related to real estate investment trusts' purchases and sales of single-family homes in this state in 2025. - Amends TCA Title 4; Title 5; Title 6; Title 7; Title 13; Title 47; Title 48; Title 61; Title 66 and Title 67.
AI Summary
This bill requires the comptroller of the treasury to compile and submit a report by December 31, 2026, detailing the activities of real estate investment trusts (REITs) in Tennessee during the 2025 calendar year. A REIT is defined for the purposes of this bill as a business entity that meets federal tax qualifications and purchases ten or more single-family homes in the state during 2025. The report, which will be sent to various state officials including the governor and legislative leaders, will summarize de-identified information about REITs' purchases and sales of single-family homes, including the number of homes purchased, their appraised values, whether they were acquired through foreclosure, how many were sold by the REIT, and how many were used as rental properties. This reporting requirement aims to provide a clearer understanding of the impact of REITs on the single-family housing market in Tennessee.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Passed on Second Consideration, refer to Senate Commerce and Labor Committee (on 02/05/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB2126&ga=114 |
| Fiscal Note - HB1777 | https://www.capitol.tn.gov/Bills/114/Fiscal/HB1777.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/SB2126.pdf |
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