state_legiscan_drain · TN
AN ACT to amend Tennessee Code Annotated, Title 7; Title 13; Title 48; Title 49; Title 67 and Title 68, relative to low-income housing.
January 30, 2025
Summary
This bill, enacted, establishes a process for property tax assessment and valuation of multi-unit rental housing that receives federal, state, or local incentives based on low-income renter restrictions. It amends multiple titles of the Tennessee Code to govern how such properties are appraised for tax purposes. The new rules apply to affordable housing developments with low-income occupancy restrictions.
Source: https://wapp.capitol.tn.gov/apps/Billinfo/Default?BillNumber=SB0539&ga=114
Common questions
- What does "AN ACT to amend Tennessee Code Annotated, Title 7; Title 13; Title 48; Title 49; Title 67 and Title 68, relative to low-income housing." cover?
- This bill, enacted, establishes a process for property tax assessment and valuation of multi-unit rental housing that receives federal, state, or local…
- When was it published?
- It was published on January 30, 2025.