Tennessee · 114th Regular Session (2025-2026) · Bill

SB 469: Taxes, Privilege - 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.

In committee Last action April 2, 2025: Assigned to General Subcommittee of Senate State and Local Government Committee

Plain-language summary

SB 469 is a bill introduced in the Tennessee Senate on January 29, 2025. According to its official title, it concerns: Taxes, Privilege - 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. Primary sponsor: Janice Bowling (Republican). Most recent recorded action (April 2, 2025): Assigned to General Subcommittee of Senate State and Local Government Committee.

Sponsors

Primary sponsor: Janice Bowling (Republican).