Tennessee · 114th Regular Session (2025-2026) · Bill
SB 126: Taxes, Real Property - As introduced, requires half the revenue collected from recordation taxes be returned to the county in which the real property is located on a recurring basis; applies to transfers of real property on or after July 1, 2025. - Amends TCA Section 67-4-409.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 126 is a bill introduced in the Tennessee Senate on January 14, 2025. According to its official title, it concerns: Taxes, Real Property - As introduced, requires half the revenue collected from recordation taxes be returned to the county in which the real property is located on a recurring basis; applies to transfers of real property on or after July 1, 2025. - Amends TCA Section 67-4-409. Primary sponsor: Page Walley (Republican). Most recent recorded action (January 16, 2025): Passed on Second Consideration, refer to Senate State & Local Government Committee.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Page Walley | Primary sponsor | Republican | Senate | 26 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Passed on Second Consideration, refer to Senate State & Local Government Committee
- Introduced, Passed on First Consideration
- Filed for introduction