Tennessee House Bill HB2688

Tennessee 2023-2024 Regular Session

• Introduced: 1/31/24

Caption

AN ACT to amend Tennessee Code Annotated, Title 66, relative to property.

Impact

The proposed amendment in HB2688 would have direct implications for property owners and real estate transactions within Tennessee. By raising the financial threshold in the legislative provisions, the bill may streamline processes related to property claims or ownership verification. This change could reduce the administrative burden on local government entities that manage these property transactions, as the updated limit may lead to fewer cases needing detailed legal scrutiny under the previous lower monetary cap. Consequently, this may promote efficiency in handling property disputes.

Summary

House Bill 2688, introduced by Representative Doggett, aims to amend existing legislation in Tennessee concerning property laws. Specifically, the bill seeks to modify the monetary limit set for certain property-related provisions under Tennessee Code Annotated, Title 66. The primary change proposed in the bill is the increase of the specified value from two thousand dollars ($2,000) to three thousand dollars ($3,000). This adjustment reflects an important update to the code to accommodate inflation and changes in property valuation over time, possibly impacting a range of property transactions and disputes.

Contention

Amidst the potential benefits of such legislative change, there might also be points of contention that arise. For instance, critics may argue that an increase in the property value threshold could inadvertently restrict access to administrative remedies for individuals with lower property values. There may be concerns that this could favor larger property holders while disenfranchising those dealing with properties valued below the new limit. These discussions could spur debate about fairness and accessibility in property law, especially among lower-income demographics within the state.