Senate Bill 486 amends the Tennessee Code Annotated to clarify the types of costs that are recoverable on appeal. A new section, 20-12-145, is added to specify that recoverable costs include expenses related to preparing and transmitting the record, obtaining transcripts of evidence or proceedings, producing necessary copies of briefs and records, and premiums paid for bonds to preserve rights during the appeal process. Additionally, it encompasses costs incurred for letters of credit or other security measures for such bonds, litigation taxes, and any other fees associated with the appellate court or clerk.

The bill emphasizes the importance of clearly defining recoverable costs to ensure that parties involved in appeals are aware of the financial implications. The act is set to take effect immediately upon becoming law, highlighting its urgency in addressing the recovery of costs associated with the appellate process.