SB0247 amends Tennessee's Agricultural, Forest and Open Space Land Act to ensure unchanged ownership of qualified land upon the death or divorce of.
SB0247 amends Tennessee Code Annotated, Title 11, Chapter 14, Part 2; Title 11, Chapter 15 and Title 67, Chapter 5, relative to the Agricultural, Forest and Open Space Land Act of 1976. It modifies the definition of ownership for qualified agricultural and forest land held by two individuals under tenancy by the entireties or joint tenancy. The bill ensures that such land retains unchanged ownership upon the death or divorce of one owner if the other owner retains the property through a right of survivorship.
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