Senate Bill 1916 amends Tennessee Code Annotated, specifically Section 67-5-501(7), to redefine the term "movable structure." The bill replaces the existing definition with a new one that clarifies that a movable structure includes mobile homes and other structures designed as trailers or semitrailers. These structures can be towed along highways or parked off highways and may serve various purposes, including permanent residential use or temporary/permanent use as offices, storehouses, warehouses, or for other commercial or industrial functions.

The bill is set to take effect upon becoming law and will apply to tax years beginning on or after January 1, 2026. This change aims to provide a clearer understanding of what constitutes a movable structure for tax purposes.

Statutes affected:
Introduced: 67-5-501(7), 67-5-501