House Bill 1932, sponsored by Vaughan, amends Tennessee Code Annotated, Section 67-5-2701, to establish a new procedure for the redemption of property following a tax sale. The bill specifically modifies the existing language regarding the redemption period based on the duration of delinquency. The new provisions stipulate that if the period of delinquency is three years or less, the redemption period will be one year from the entry of the order confirming the sale. Conversely, if the period of delinquency exceeds three years, the redemption period will be reduced to ninety days from the entry of the order confirming the sale.

This legislation is set to take effect on July 1, 2026, and will apply to all entries of orders confirming a tax sale of a parcel subject to redemption that occur on or after that date. The changes aim to clarify and streamline the redemption process for property owners facing tax delinquency, thereby enhancing the efficiency of property tax collection and redemption procedures in Tennessee.

Statutes affected:
Introduced: 67-5-2701(a)(1)(C), 67-5-2701