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.
February 3, 2025
Summary
This bill, enacted on an unspecified date, establishes a new 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 Tennessee code titles to specify how these properties are appraised for tax purposes, potentially affecting affordability and investor returns. Owners and developers of low-income housing units will need to comply with revised valuation methodologies.
Source: https://wapp.capitol.tn.gov/apps/Billinfo/Default?BillNumber=HB0753&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 on an unspecified date, establishes a new process for property tax assessment and valuation of multi-unit rental housing that receives…
- When was it published?
- It was published on February 3, 2025.