Senate Bill 1935, also known as House Bill 1903, amends various sections of the Tennessee Code Annotated concerning homestead exemptions. The bill stipulates that upon the death of a head of a family, the homestead exemption will benefit the surviving spouse and their minor child or an adult child with a developmental or intellectual disability, as long as they continue to use the property as their principal residence. Additionally, the bill redefines certain sections to clarify the definitions of "developmental disability" and "intellectual disability," aligning them with existing definitions in another part of the code.

The bill also modifies the procedures for handling homestead exemptions in the event that real estate cannot be set apart. It allows for the sale of the property, with $35,000 of the proceeds either invested in real estate or paid outright to the surviving spouse or eligible children. The changes aim to ensure that the rights of surviving family members, particularly those with disabilities, are protected and clearly defined in the context of homestead exemptions. The act is set to take effect on July 1, 2026.

Statutes affected:
Introduced: 26-2-301(a), 26-2-301, 30-2-201, 30-2-209