SB 350 - HB 469
FISCAL NOTE
Fiscal Review Committee
Tennessee General Assembly
February 1, 2025
Fiscal Analyst: Justin Billingsley | Email: justin.billingsley@capitol.tn.gov | Phone: 615-741-2564
SB 350 - HB 469
SUMMARY OF BILL: Prohibits landlords from prohibiting a tenant or a tenant’s guest
from lawfully possessing, carrying, transporting, or storing a firearm or ammunition in the tenant’s
home, apartment, or business, in a vehicle parked in an area provided for tenants or their guests by
the landlord, or in other locations controlled by the landlord. Upon July 1, 2025, any lease term in
violation of this act is rendered void and unenforceable and by July 1, 2026, any lease in violation of
this act must be amended to comply with it. Authorizes a tenant adversely affected by a violation of
this act to bring a suit against a landlord for actual damages, punitive damages, and recovery of
attorney fees.
FISCAL IMPACT:
NOT SIGNIFICANT
Assumptions:
• Requirements regarding lease agreements between landlords and tenants concern
transactions between private parties; therefore, any fiscal impact to state or local
government is estimated to be not significant.
• Any increase to the caseloads of trial courts as a result of the legislation is assumed to be
not significant. Any fiscal impact to the courts can be absorbed within existing resources
and is estimated to be not significant.
IMPACT TO COMMERCE:
NOT SIGNIFICANT
Assumptions:
• Prohibiting landlords from including firearm prohibitions in lease agreements will have no
significant impact on business expenses.
• It can be reasonably assumed, that upon passage of the proposed legislation, landlords
would comply and cease enforcing firearm prohibitions or including them in lease
agreements.
• Therefore, it is not expected that the proposed legislation would result in any increase in
business expenses due to litigation costs.
• The proposed legislation will have no impact on jobs in Tennessee.
SB 350 - HB 469 2
CERTIFICATION:
The information contained herein is true and correct to the best of my knowledge.
Bojan Savic, Executive Director