Tennessee Senate Bill SB0711

Tennessee 2023-2024 Regular Session

• Introduced: 1/26/23
• Engrossed: 4/12/23
• Enrolled: 4/28/23
• Passed: 5/17/23
• Chaptered: 5/24/23

Caption

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

Impact

The modifications brought by SB 711 could have significant implications for landowners enrolled in federal conservation programs. By explicitly incorporating considerations of USDA programs and conservation easements into the assessment of agricultural and forest land, the bill seeks to potentially lower tax burdens on owners of land involved in conservation efforts. This may encourage more landowners to participate in such programs, thereby promoting sustainable practices in land management while ensuring that local tax policies reflect the conservation status of their properties.

Summary

Senate Bill 711 aims to amend the Tennessee Code Annotated, specifically Title 67, Chapter 5, focusing on property taxes. The bill proposes changes in how agricultural and forest land is assessed for tax purposes. Key amendments include stipulations that assessors must consider whether the land is part of a conservation program administered by the USDA or if it is under a conservation easement. This move is intended to clarify the criteria under which land may be classified as agricultural or forest land, ensuring that factors related to conservation are acknowledged in property tax assessments.

Sentiment

The general sentiment surrounding SB 711 appears to be positive among proponents who emphasize environmental stewardship and agricultural support. Supporters argue that the bill aligns state tax policies with federal conservation efforts, which can benefit both the economy and the environment. However, concerns may arise regarding the administrative effort required to implement these changes and whether all assessors are equipped to apply these new criteria uniformly across the state.

Contention

Notable points of contention may revolve around the specifics of implementation and potential pushback from individuals or entities concerned about the evaluation criteria for land classification. There might be apprehensions regarding the adequacy of considers rates and the definition of 'conservation land.' The debate could also center on whether existing landowners currently benefiting from particular tax assessments might oppose new classifications that could alter their tax liabilities.