Tennessee Senate Bill 2371 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 1 2022 - 25% progression, died in chamber
Action: 2022-02-03 - Passed on Second Consideration, refer to Senate State and Local Government Committee
Text: Latest bill text (Draft #1) [PDF]

As introduced, establishes a high-volume recordation tax to be levied on the purchase of a second or subsequent single-family home in a county per quarter by or on behalf of a real estate investment trust when the purchase is for an amount that is less than or equal to the median sales price of a single-family home in the county for the prior month; requires revenues from the high-volume recordation tax to be kept in the county and used solely for affordable or workforce housing or for rental or housing assistance programs. - Amends TCA Title 5; Title 7; Title 67, Chapter 4, Part 5 and Title 67, Chapter 4, Part 4.

AN ACT to amend Tennessee Code Annotated, Title 5; Title 7; Title 67, Chapter 4, Part 5 and Title 67, Chapter 4, Part 4, relative to recordation taxes.

Sen. Jeff Yarbro [D]

Date	Chamber	Action
2022-02-03	Senate	Passed on Second Consideration, refer to Senate State and Local Government Committee
2022-02-02	Senate	Introduced, Passed on First Consideration
2022-02-01	Senate	Filed for introduction

HB2497 (Crossfiled) 2022-02-07 - Assigned to s/c Property & Planning Subcommittee

Type	Source
Summary	https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB2371&ga=112
Text	https://www.capitol.tn.gov/Bills/112/Bill/SB2371.pdf