Real Property - As enacted, revises the threshold at which assessments and indebtedness, as a percentage of the fair market value of a subject property, affect the eligibility of the property to participate under the Commercial Property Assessed Clean Energy and Resilience Act; adds property owned by certain kinds of organizations to the definition of "commercial property"; makes other changes related to the Act. - Amends TCA Title 68, Chapter 205.
It became law on Apr 26, 2022.
- Stage
- Became law
- Started in
- House
- Latest action
- Apr 26, 2022
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It is law in Tennessee. What happens now is up to the agency that carries it out, the courts, and the place itself.