Senate Bill 1916, also known as House Bill 1969, amends Tennessee Code Annotated, Title 67, Chapter 5, specifically regarding the definition of "movable structures." The bill revises Section 67-5-501(7) by deleting the existing definition and replacing it with a new one that broadens the scope of what constitutes a movable structure. The updated definition now includes mobile homes and other movable structures that are constructed as trailers or semitrailers, designed for towing along highways or parking off highways, and that can be used either permanently as residences or apartments, or temporarily or permanently for commercial or industrial purposes.

The act is set to take effect upon becoming law, with its provisions applying to tax years beginning on or after January 1, 2026. This change aims to clarify the classification of movable structures for tax purposes, potentially impacting how these structures are assessed and taxed in the state of Tennessee.

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