Tennessee legislation · 114th General Assembly

Tennessee HB2207: AN ACT to amend Tennessee Code Annotated, Title 67, relative to taxation.

Status: Chaptered, May 27, 2026

Fiscal Summary NOT SIGNIFICANT Bill Summary ON APRIL 13, 2026, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 2537, AS AMENDED. AMENDMENT #1 rewrites the bill to, instead, provide that an application for an exemption from property taxation for property owned by a religious, charitable, scientific, or nonprofit educational organization that is filed within 180 days after the exempt use of the property began will be effective as of the date the exempt use began, if the application is made after May 20th of the year for which the exemption is sought, but prior to the end of the year. Present law provides that an application that is filed within 30 days after the exempt use of the property began will be effective as of the date the exempt use began. This amendment provides that, for an application filed more than 180 days after the exempt use began, the exemption will be effective as of the date of the application. Present law provides that, in the case of property damage that has occurred as a result of a disaster declared by the president of the United States, the annual assessment of an affected building or improvement in a county included in the presidential declaration must be prorated for the actual time the building or improvement is destroyed and not replaced, or the actual time the building or improvement is substantially damaged. The owner of such property must apply for this relief to the assessor of property by September 1st. However, these provisions do not take effect as to any particular county or municipality unless approved by a 2/3 vote of its governing body following the disaster declaration. This amendment requires such an approval to be done by resolution of the governing body. Present law provides that, in the case of damage to commercial and industrial tangible personal property that has