TN SB1230 | 2021-2022 | 112th General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 11 2021 - 25% progression, died in committee
Action: 2021-03-30 - Refer to Senate Finance, Ways & Means Committee w/ recommendation, as amended
Pending: Senate Finance, Ways and Means Committee
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on February 11 2021 - 25% progression, died in committee
Action: 2021-03-30 - Refer to Senate Finance, Ways & Means Committee w/ recommendation, as amended
Pending: Senate Finance, Ways and Means Committee
Text: Latest bill text (Draft #1) [PDF]
Summary
As introduced, clarifies that a deed is treated as a quitclaim deed for transfer tax purposes if the deed only conveys the grantor's interest to the grantee, and that a deed containing language evidencing an intent to convey the property itself, warranties of title, or habendum clauses is taxed as a transfer of a freehold estate. - Amends TCA Title 67, Chapter 4, Part 4.
Title
AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 4, relative to transfer tax.
Sponsors
| Sen. Paul Rose [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2021-03-30 | Senate | Refer to Senate Finance, Ways & Means Committee w/ recommendation, as amended |
| 2021-03-24 | Senate | Placed on Senate FW&M Revenue Subcommittee calendar for 3/30/2021 |
| 2021-02-23 | Senate | Refer to Senate Finance, Ways & Means Revenue Subcommittee |
| 2021-02-22 | Senate | Passed on Second Consideration, refer to Senate Finance, Ways, and Means Committee |
| 2021-02-11 | Senate | Introduced, Passed on First Consideration |
| 2021-02-11 | Senate | Filed for introduction |
Same As/Similar To
HB1107 (Crossfiled) 2021-04-07 - Taken off notice for cal in s/c Finance, Ways, and Means Subcommittee of Finance, Ways, and Means Committee
