Senate Bill 1824, also known as House Bill 1846, amends various sections of the Tennessee Code Annotated concerning rollback taxes related to agricultural, forest, or open space land. The bill modifies Section 67-5-1008(d)(1) by removing the provisions that state a land's exemption status is affected if it is conveyed or transferred. Additionally, it clarifies the personal responsibility of the landowner in Section 67-5-1008(d)(3) and removes specific conditions under which land would be subject to rollback taxes in Section 67-5-1008(e)(3).

Furthermore, the bill introduces a new provision in Section 67-5-1008(f) that states the sale of agricultural, forest, or open space land will disqualify the property from its classification, but the buyer will not incur any rollback tax liabilities if they do not renew the classification. This legislation is set to take effect on July 1, 2026, and will apply to properties sold, conveyed, or transferred on or after that date.

Statutes affected:
Introduced: 67-5-1008(d)(1), 67-5-1008, 67-5-1008(d)(3), 67-5-1008(e)(3), 67-5-1008(f)