Bill Title: As introduced, enacts the "Fair Assessment for Absentee Owners Act," which requires the state division of property assessments, with approval of the state board of equalization, to adopt a consistent, market-based methodology for the valuation of severed mineral rights for coal to be kept by each assessor for property having mineral rights. - Amends TCA Section 67-5-505.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-01-27 - P2C, ref. to S. S&L Govt. Comm. [SB2599 Detail]

Text: Latest bill text (Draft #1) [PDF]

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