SB408 — Taxes, Ad Valorem - As enacted, authorizes property tax exemption for certain nonprofit entities that occupy and use real property owned by another tax-exempt institution; makes other related revisions. - Amends TCA Section 67-5-207 and Section 67-5-212.

SB408 — Taxes, Ad Valorem - As enacted, authorizes property tax exemption for certain nonprofit entities that occupy and use real property owned by another tax-exempt institution; makes other related revisions. - Amends TCA Section 67-5-207 and Section 67-5-212. · Informed CitizenrySB408 amends Tennessee Code sections regarding property tax exemptions. It expands exemptions to include properties owned by nonprofit organizations funded under the HOME Investment Partnerships Pr…Open in Informed Citizenry