SB126 — 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.

SB126 — 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. · Informed CitizenrySB126 amends Tennessee Code Annotated Section 67-4-409 to require the state to return 50% of recordation taxes collected from real property transfers back to the county where the property is locate…Open in Informed Citizenry