SB 592 - HB 648
FISCAL NOTE
Fiscal Review Committee
Tennessee General Assembly
February 28, 2025
Fiscal Analyst: Justin Billingsley | Email: justin.billingsley@capitol.tn.gov | Phone: 615-741-2564
SB 592 - HB 648
SUMMARY OF BILL: Upon passage of a resolution by a municipal, metropolitan, or
county government, requires any residential landlords in an approving jurisdiction, owning one or
more dwellings, to register with the appropriate local agency. Specifies that any local government to
which these provisions currently apply is not required to pass a resolution pursuant to this act.
Further specifies that a landlord must only submit one form to the local agency for any property that
contains five or more dwelling units, if the required information is the same for all such units.
FISCAL IMPACT:
LOCAL GOVERNMENT
REVENUE Permissive
FY25-26 & Subsequent Years $160,300
Assumptions:
• Tennessee Code Annotated § 66-28-107:
o Requires each landlord in Davidson County to furnish to the county the landlord or
landlord’s agent’s name, telephone number, and physical address, as well as the
street address and unit number of each dwelling the landlord may lease; and
o Authorizes Davidson County to charge a landlord permit fee not to exceed $10 and
to assess a $50 weekly fine against landlords who fail to register or fail to send
notification of change of ownership.
• The proposed legislation will authorize all county, municipality, and metropolitan governing
bodies to pass a resolution requiring residential landlords to register with the appropriate
local agency.
• For purposes of this fiscal analysis, it is assumed that if any county does establish a registry,
no city in such county will subsequently establish a registry. Likewise, it is assumed that no
county will establish a registry subsequent to a municipality in such county establishing a
registry.
• This legislation specifies that any local government to which these provisions currently
apply is not required to pass a resolution pursuant to this act; therefore, this legislation will
not impact the Metropolitan Government of Nashville and Davidson County (Metro).
• Based on population estimates as of July 1, 2023, from the U.S. Census Bureau:
o Davidson County has a population of 712,334, accounting for 10 percent of
Tennessee’s population.
o Tennessee has a population of 7,126,489.
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• Based on information provided by Metro, there are currently 6,878 landlord registrants, and
246 applicants for which payment and issuance of such registration is pending.
• For purposes of this fiscal analysis, it is assumed that all 246 applications will be approved
prior to the effective date of this legislation; therefore, Metro is assumed to have 7,124
registered landlords (6,878 + 246).
• If Davidson County accounts for approximately 10 percent of Tennessee’s total landlord
population, then it is estimated that there are 71,240 landlords in the state (7,124 permits /
10%).
• All counties, municipalities, and other metropolitan governments would account for 64,116
landlords (71,240 total landlords - 7,124).
• For purposes of this fiscal analysis, it is assumed that approximately 25 percent of the
remaining landlords, or 16,029 landlords (64,116 x 25%) will be required to register with
their local governments.
• Assuming the number of landlords remains constant and all permitting local governments
charge the full fee allowable under law, there will be a recurring, permissive increase to local
revenue of $160,290 (16,029 x $10), beginning in FY25-26.
• Based on information provided by Metro, the vast majority of unregistered landlord
violations are resolved without going to court; therefore, there has not been any significant
number of fines assessed.
• Due to the lack of violations incurring fines in Davidson County, it is assumed that
authorizing such local governments to assess a $50 weekly fee against a non-compliant
landlord will not result in any significant increase to local revenue.
• Local governments will be able to implement a registration system for residential landlords
utilizing existing staff and resources, resulting in no significant fiscal impact to local
government.
IMPACT TO COMMERCE:
BUSINESS IMPACT
FISCAL YEAR EXPENSES
FY25-26 & Subsequent Years $160,300
Assumptions:
• This legislation will result in a recurring increase in business expenses of $160,290,
beginning in FY25-26.
• Davidson County landlords have not paid a significant number of fines over the past five
fiscal years; therefore, authorizing all local governments to assess a $50 fine against non-
compliant landlords will have no significant impact to business expenses.
• The proposed legislation is not estimated to have any impact to jobs in Tennessee.
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CERTIFICATION:
The information contained herein is true and correct to the best of my knowledge.
Bojan Savic, Executive Director