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: Sponsor information unavailable

Signed by Governor

Real Property

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

Tennessee wetland money supports more state operations

Beginning July 1, 2025, Tennessee directs 3.25 cents of the real estate transfer tax to its 1986 Wetland Acquisition Fund. The fund supports wetland conservation, and its money cannot buy property through condemnation or eminent domain. Unspent money carries over each year, and unspent investment and deposit interest returns to the fund. When its balance exceeds $6 million during a monthly financial period, the fund can support additional wildlife agency operations. These uses include maintaining and improving state-owned property under the agency’s control. They also include law-enforcement salaries, benefits, and expenses needed for duties under state boating and wildlife laws.

Conservation fund transfers shift wetland money

Beginning July 1, 2025, Tennessee’s finance commissioner can transfer wetland fund money to the Tennessee Heritage Conservation Trust Fund. Transfers add money to the heritage fund while taking money out of the wetland fund. Each transfer requires a legislative appropriation and written approval from the wildlife agency’s executive director. Under Tennessee Code § 11-7-103(h), transferred money does not count as “other available sources.” The law sets no transfer amount.

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

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. Effective date(s) 07/01/2025

    5/15/2025
  2. Pub. Ch. 441

    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. Sponsor(s) Added.

    4/21/2025Senate
  9. Passed H., Ayes 81, Nays 3, PNV 5

    4/21/2025House
  10. Am. withdrawn. (Amendment 2 - HA0387)

    4/21/2025House
  11. Am. withdrawn. (Amendment 1 - HA0386)

    4/21/2025House
  12. Subst. for comp. HB.

    4/21/2025House
  13. Engrossed; ready for transmission to House

    4/21/2025Senate
  14. Passed Senate as amended, Ayes 28, Nays 3, PNV 1

    4/21/2025Senate
  15. Senate adopted Amendment (Amendment 3 - SA0426)

    4/21/2025Senate
  16. Senate adopted Amendment (Amendment 2 - SA0375)

    4/21/2025Senate
  17. Senate adopted Amendment (Amendment 1 - SA0113)

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

    4/10/2025Senate
  21. Rule #83(8) Suspended, to be heard in Senate Finance, Ways & Means Committee on 4/15/2025

    4/10/2025Senate
  22. Action deferred in Senate Finance, Ways, and Means Committee to 4/15/2025

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

    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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