HB0426 amends Tennessee tax code to allow nonprofit religious institutions in large counties to claim tax exemptions retroactively.

HB0426 amends Tennessee Code Annotated, Section 67-5-212, to allow nonprofit religious institutions in counties with a metropolitan form of government and a population over 500,000 to claim tax exemptions retroactively. This applies to properties acquired before the act's effective date, provided the institution uses the property for exempt purposes. The exemption can be claimed up to three years prior to the application date or the date the institution began using the property for exempt purposes, whichever is later.

HB0426 amends Tennessee tax code to allow nonprofit religious institutions in large counties to claim tax exemptions retroactively.

HB0426 amends Tennessee Code Annotated, Section 67-5-212, to allow nonprofit religious institutions in counties with a metropolitan form of government and a population over 500,000 to claim tax exemptions retroactively. This applies to properties acquired before the act's effective date, provided the institution uses the property for exempt purposes. The exemption can be claimed up to three years prior to the application date or the date the institution began using the property for exempt purposes, whichever is later.