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SB0826 • 2026

Taxes, Business

AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 7, relative to business tax.

Taxes
Active

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

Sponsor
Hensley, Barrett
Last action
2026-04-14
Official status
Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2026
Effective date
Not listed

Plain English Breakdown

The official source does not provide specific details about the financial impact or limitations on the types of appraisal services covered by the exemption.

Business Tax Exemption for Real Estate Appraisers

This bill removes business tax on services provided by real estate appraisers in Tennessee.

What This Bill Does

  • Adds a new part to the law that says real estate appraisal services are not taxed as business activities.
  • Updates other parts of the existing law to include this new exemption.

Who It Names or Affects

  • Real estate appraisers who provide services in Tennessee
  • The state and local governments that collect business taxes

Terms To Know

Business tax
A type of tax that businesses pay based on their income or activities.
Real estate appraisal services
Services provided by professionals who estimate the value of real property for legal, financial, and other purposes.

Limits and Unknowns

  • The bill does not specify how much money will be saved or lost due to this change.
  • It is unclear if there are any limits on which types of appraisal services qualify for this exemption.

Bill History

  1. 2026-04-14 Tennessee General Assembly

    Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2026

  2. 2026-04-08 Tennessee General Assembly

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2026

  3. 2026-02-11 Tennessee General Assembly

    Placed behind the budget

  4. 2026-02-04 Tennessee General Assembly

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 2/11/2026

  5. 2025-04-17 Tennessee General Assembly

    Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2025

  6. 2025-04-14 Tennessee General Assembly

    Placed on Senate Finance, Ways, and Means Committee calendar for 4/15/2025

  7. 2025-04-14 Tennessee General Assembly

    Rule #83(8) Suspended, to be heard in Senate Finance, Ways & Means Committee on 4/15/2025

  8. 2025-04-09 Tennessee General Assembly

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025

  9. 2025-04-02 Tennessee General Assembly

    Recommended for passage, refer to Senate Finance, Ways, and Means Committee

  10. 2025-04-01 Tennessee General Assembly

    Placed on Senate State and Local Government Committee calendar for 4/2/2025

  11. 2025-04-01 Tennessee General Assembly

    Action deferred in Senate State and Local Government Committee to 4/2/2025

  12. 2025-03-26 Tennessee General Assembly

    Placed on Senate State and Local Government Committee calendar for 4/1/2025

  13. 2025-02-26 Tennessee General Assembly

    Placed behind the budget

  14. 2025-02-19 Tennessee General Assembly

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 2/26/2025

  15. 2025-02-19 Tennessee General Assembly

    Meeting Canceled

  16. 2025-02-12 Tennessee General Assembly

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

  17. 2025-02-12 Tennessee General Assembly

    Placed on s/c cal Finance, Ways, and Means Subcommittee for 2/19/2025

  18. 2025-02-12 Tennessee General Assembly

    Assigned to s/c Finance, Ways, and Means Subcommittee

  19. 2025-02-12 Tennessee General Assembly

    P2C, ref. to Finance, Ways, and Means Committee

  20. 2025-02-11 Tennessee General Assembly

    Sponsor change.

  21. 2025-02-11 Tennessee General Assembly

    Sponsor(s) withdrawn.

  22. 2025-02-10 Tennessee General Assembly

    Introduced, Passed on First Consideration

  23. 2025-02-10 Tennessee General Assembly

    Intro., P1C.

  24. 2025-02-06 Tennessee General Assembly

    Filed for introduction

  25. 2025-02-04 Tennessee General Assembly

    Filed for introduction

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

Read the full stored bill text 
HOUSE BILL 1368
By Barrett

SENATE BILL 826
By Hensley

SB0826
002871
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 67,
Chapter 4, Part 7, relative to business tax.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 67-4-708(3)(C), is amended by
adding the following new subdivision:
(xvii) Services furnished by persons engaged in the appraisal of real estate or
real property.
SECTION 2. Tennessee Code Annotated, Section 67-4-708(3)(C), is amended by
deleting the language "subdivisions (3)(C)(i)-(xvi)" wherever it appears and substituting instead
the language "subdivisions (3)(C)(i)-(xvii)".
SECTION 3. This act takes effect upon becoming a law, the public welfare requiring it.