HB0586Introduced in the House
AN ACT to amend Tennessee Code Annotated, Section 67-4-409, relative to recordation tax revenue.
Introduced by Rush Bricken, District 47
What does this bill do?
Plain-English breakdown
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Official description
As introduced, increases from 2.4 to 5 percent, the amount of realty transfer tax and mortgage tax collections retained as commission by county registers for collecting and reporting those taxes; requires 50 percent of such collections to be deposited in the county general fund; allocates the remaining balance to the wetland acquisition fund, local parks land acquisition fund, state lands acquisition fund, agricultural resources conservation fund, and state general fund. - Amends TCA Section 67-4-409.
Where it stands
Taken off notice for cal in s/c Finance, Ways, and Means Subcommittee of Finance, Ways, and Means Committee
April 9, 2025
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
How would you vote on this bill?
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Bill history
Filed for introduction
Intro., P1C.
P2C, ref. to Finance, Ways, and Means Committee
Assigned to s/c Finance, Ways, and Means Subcommittee
Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/9/2025
Taken off notice for cal in s/c Finance, Ways, and Means Subcommittee of Finance, Ways, and Means Committee
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