SB1908 amends Tennessee law to protect private property owners from certain land use regulations that reduce property value.
SB1908 amends Tennessee Code to provide property owners with a cause of action for just compensation if a land use regulation enacted after property acquisition reduces the fair market value of their property. The bill defines "family member" and "land use regulation" and outlines exceptions where compensation is not required, such as regulations for public health and safety or those required by federal law. Property owners must file a written demand for compensation within three years of the regulation's enactment or the date they submit a land use application.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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