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HB0095 • 2026

Taxes, Real Property

AN ACT to amend Tennessee Code Annotated, Section 67-4-409, relative to transfers of realty.

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Shaw, Walley
Last action
2025-01-28
Official status
Assigned to s/c Cities & Counties Subcommittee
Effective date
Not listed

Plain English Breakdown

Checked against official source text during the last sync.

Act to Return Part of Real Property Transfer Taxes to Counties

This act changes how recordation taxes from real property transfers are handled by returning half of these taxes back to the counties where the properties are located, starting July 1, 2025.

What This Bill Does

  • Changes a law about recordation taxes on real property transfers.
  • Requires that fifty percent of the recordation tax collected be returned to the county where the property is located.
  • Applies this change starting July 1, 2025, for all future property transfers.

Who It Names or Affects

  • Counties in Tennessee
  • People who transfer real property

Terms To Know

Recordation tax
A tax charged when a deed or other document is recorded with the county.
Realty transfer tax
Another name for recordation tax, which is paid when real property is transferred.

Limits and Unknowns

  • The exact amount of money returned to counties depends on future property transfers.
  • It does not change other laws about commissions and fees related to these taxes.

Bill History

  1. 2025-01-28 Tennessee General Assembly

    Assigned to s/c Cities & Counties Subcommittee

  2. 2025-01-16 Tennessee General Assembly

    Ref. to State & Local Government Committee

  3. 2025-01-16 Tennessee General Assembly

    Passed on Second Consideration, refer to Senate State & Local Government Committee

  4. 2025-01-15 Tennessee General Assembly

    P2C held on desk, pending appointment of Standing Committees

  5. 2025-01-15 Tennessee General Assembly

    Introduced, Passed on First Consideration

  6. 2025-01-14 Tennessee General Assembly

    Intro., P1C.

  7. 2025-01-14 Tennessee General Assembly

    Filed for introduction

  8. 2025-01-09 Tennessee General Assembly

    Filed for introduction

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

Read the full stored bill text 
SENATE BILL 126
By Walley

HOUSE BILL 95
By Shaw

HB0095
001270
- 1 -

AN ACT to amend Tennessee Code Annotated, Section
67-4-409, relative to transfers of realty.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 67-4-409(d), is amended by adding
the following as a new subdivision:
(4) Notwithstanding another law and except for commissions and fees retained
as otherwise provided in subdivisions (d)(2) and (3), and except for the credit of realty
transfer tax revenues to specific accounts or funds in accordance with subsections (g),
(i), (j), (l), and (m), the department shall remit back to each county, respectively, fifty
percent (50%) of the recordation taxes on the transfer of realty levied under subsection
(a) that are collected by county registers and remitted to the department, based on the
total amount of such taxes remitted to the department by county.
SECTION 2. This act takes effect July 1, 2025, and applies to transfers of real property
on or after such date, the public welfare requiring it.