Tennessee House Bill HB0898

Tennessee 2023-2024 Regular Session

• Introduced: 1/30/23
• Refer: 2/2/23
• Refer: 3/15/23
• Refer: 3/21/23
• Refer: 4/18/23
• Chaptered: 5/24/23
• Passed: 5/24/23

Caption

AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 5, relative to property taxes.

Impact

The bill's implications on state laws relate to how property is assessed for tax purposes, particularly with respect to conservation efforts. By allowing assessors to take conservation enrollment into account, HB 0898 aims to incentivize landowners to maintain their properties under sustainable practices while potentially reducing their tax burden. This may lead to a broader adoption of conservation measures in Tennessee and support the state's environmental goals.

Summary

House Bill 0898 seeks to amend Tennessee Code Annotated, specifically targeting property taxes associated with agricultural and forest land. The bill introduces provisions that require property assessors to consider whether land is part of federal conservation programs or is protected by easements when determining its classification. This change emphasizes the importance of conservation in tax assessment and aims to enhance support for landowners engaged in agricultural and forestry practices.

Sentiment

Overall, sentiment towards HB 0898 appears to be positive among stakeholders who prioritize sustainable land use and conservation. Many advocates argue that this bill is a step in the right direction for supporting agricultural interests and eco-friendliness, viewing it as beneficial for both the environment and the economy. However, some may express concerns regarding the implementation and administrative adjustments needed for assessors to effectively apply these new standards.

Contention

While the bill is primarily brought forth to promote conservation, points of contention exist regarding its potential impact on tax revenue and the administrative burden on property assessors. Some critics may argue that the bill could complicate the property assessment process, leading to inconsistencies or disputes over land classifications. Concerns may also be raised about ensuring that all landowners have equitable access to the benefits provided under this amended law.