Tennessee Senate Bill SB2313

Tennessee 2023-2024 Regular Session

• Introduced: 1/30/24

Caption

AN ACT to amend Tennessee Code Annotated, Title 8, Chapter 13; Title 35; Title 39, Chapter 17; Title 45; Title 47; Title 66 and Section 67-4-409, relative to property.

Impact

Should SB2313 become law, it will introduce an additional notification mechanism related to quitclaim deeds, which may streamline communication between property owners and tax authorities. This fosters transparency and ensures that parties involved in property transactions are kept informed regarding changes in property ownership. The potential impact on existing property laws in Tennessee emphasizes compliance and cross-referencing with previous tax records, which could enhance administrative efficiency for local governments.

Summary

SB2313 is a legislative proposal aimed at amending various sections of the Tennessee Code Annotated, specifically focusing on property laws. The main objective of this bill is to ensure that when a quitclaim deed is recorded, the relevant property tax authorities are notified. This involves the register consulting with the county assessor of property and sending a postcard notification to the address of the person or entity that paid property taxes for the previous tax year. The bill is set to take effect on July 1, 2024, if enacted successfully.

Sentiment

The sentiment surrounding SB2313 appears to be cautiously positive, particularly among advocates who see the merits of increased notification procedures related to property transactions. Proponents believe that this bill will improve the accuracy of tax assessments and encourage responsible property management. However, there may be some concerns regarding the implementation costs and the effectiveness of postcard notifications in ensuring that all stakeholders are adequately informed.

Contention

While there does not appear to be significant contention surrounding the bill based on the available information, debates may arise regarding the practicality of postcard notifications and whether they adequately fulfill the intent of keeping property stakeholders informed. Additionally, considerations regarding the financial implications for the county assessors’ offices in managing these notifications and the potential bureaucratic overhead involved could be points for discussion as the bill progresses through legislative review.