House Bill 1932 and Senate Bill 1983 propose amendments to Tennessee Code Annotated, Section 67-5-2701, which governs the procedure for the redemption of property. The bill specifically modifies the redemption period based on the duration of delinquency. The current law is replaced with a new provision that establishes a scale for the redemption period: if the delinquency period is three years or less, the redemption period is set at one year from the order confirming the sale; if the delinquency exceeds three years, the redemption period is reduced to ninety days from the order confirming the sale.

The bill is set to take effect on July 1, 2026, and will apply to tax sale confirmations occurring on or after that date. This change aims to clarify and streamline the redemption process for property owners, ensuring that the timeframes for redemption are clearly defined based on the length of delinquency.

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