Bill > HB2207

This bill amends Tennessee Code Annotated (TCA) Title 67, which relates to taxation, primarily by extending the timeframe for religious, charitable, scientific, or nonprofit educational organizations to apply for property tax exemptions. Previously, these organizations had only 30 days from when their property began to be used for an exempt purpose to file an application to receive the exemption retroactively to the start date of that use. This bill extends that period to 180 days, meaning organizations now have six months to file their application after beginning an exempt use, provided the application is made after May 20th of the tax year and before the end of that year. Additionally, the bill makes minor changes to clarify that governing bodies must act by resolution when approving certain matters and updates provisions related to annual updates for exemptions and the number of days allowed for certain tax-related actions.