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TennesseeSB 0843114th General Assembly (2025-2026)SenateWALLET

AN ACT to amend Tennessee Code Annotated, Section 67-4-409, relative to taxes on transfers of realty.

Sponsored By: Page Walley (Republican)

Became Law

Real Property

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 4 benefits, 0 costs, 0 mixed.

Extra wetland funds support wildlife lands

Beginning July 1, 2025, when the wetland fund balance is over $6,000,000 during a month, the state may use it to maintain and improve state-owned lands run by the wildlife agency. When above this limit, the fund may also pay wildlife law enforcement salaries, benefits, and other necessary costs to carry out their duties.

Transfers to Heritage Conservation Trust

Beginning July 1, 2025, the finance commissioner, with written approval from the wildlife agency’s executive director and subject to legislative appropriation, can transfer money from the wetland fund to the Tennessee Heritage Conservation Trust Fund. For state funding calculations, these transferred dollars do not count as “other available sources.”

Wetland fund cannot force land sales

Beginning July 1, 2025, the wetland fund cannot be used to buy any interest in real property by condemnation or eminent domain. The fund cannot pay for forced takings.

Realty transfer tax funds wetlands

Beginning July 1, 2025, 3.25¢ of the realty transfer tax is credited to a special account called the 1986 wetland acquisition fund. Money in the fund does not expire at year end. Interest earned stays in the fund. Spending is used only to carry out the state’s wetland conservation program, aside from limited uses set elsewhere in law.

Sponsors & Cosponsors

Sponsor

  • Page Walley

    Republican • Senate

Cosponsors

  • Paul Rose

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 134 • No: 8

House vote • 4/21/2025

FLOOR VOTE: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION 4/21/2025

Yes: 81 • No: 3

Senate vote • 4/21/2025

FLOOR VOTE: as Amended Third Consideration 4/21/2025

Yes: 28 • No: 3

Senate vote • 4/15/2025

SENATE FINANCE, WAYS AND MEANS COMMITTEE

Yes: 10 • No: 0

Senate vote • 3/26/2025

SENATE ENERGY, AGRICULTURE AND NATURAL RESOURCES COMMITTEE

Yes: 7 • No: 2

Senate vote • 3/11/2025

SENATE STATE & LOCAL GOVERNMENT COMMITTEE

Yes: 8 • No: 0

Actions Timeline

  1. Pub. Ch. 441

    5/15/2025

  2. Effective date(s) 07/01/2025

    5/15/2025

  3. Signed by Governor.

    5/9/2025Senate

  4. Transmitted to Governor for action.

    5/1/2025Senate

  5. Signed by H. Speaker

    4/30/2025House

  6. Signed by Senate Speaker

    4/29/2025Senate

  7. Enrolled and ready for signatures

    4/25/2025Senate

  8. Senate adopted Amendment (Amendment 1 - SA0113)

    4/21/2025Senate

  9. Senate adopted Amendment (Amendment 2 - SA0375)

    4/21/2025Senate

  10. Senate adopted Amendment (Amendment 3 - SA0426)

    4/21/2025Senate

  11. Passed Senate as amended, Ayes 28, Nays 3, PNV 1

    4/21/2025Senate

  12. Engrossed; ready for transmission to House

    4/21/2025Senate

  13. Subst. for comp. HB.

    4/21/2025House

  14. Am. withdrawn. (Amendment 1 - HA0386)

    4/21/2025House

  15. Am. withdrawn. (Amendment 2 - HA0387)

    4/21/2025House

  16. Passed H., Ayes 81, Nays 3, PNV 5

    4/21/2025House

  17. Sponsor(s) Added.

    4/21/2025Senate

  18. Placed on Senate Regular Calendar for 4/21/2025

    4/17/2025Senate

  19. Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 10, Nays 0 PNV 0

    4/15/2025Senate

  20. Rule #83(8) Suspended, to be heard in Senate Finance, Ways & Means Committee on 4/15/2025

    4/10/2025Senate

  21. Placed on Senate Finance, Ways, and Means Committee calendar for 4/15/2025

    4/10/2025Senate

  22. Placed on Senate Finance, Ways, and Means Committee calendar for 4/9/2025

    4/9/2025Senate

  23. Action deferred in Senate Finance, Ways, and Means Committee to 4/15/2025

    4/9/2025Senate

  24. Action deferred in Senate Finance, Ways, and Means Committee to 4/9/2025

    4/8/2025Senate

  25. Placed on Senate Finance, Ways, and Means Committee calendar for 4/8/2025

    4/1/2025Senate

Bill Text

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