SB2054 amends Tennessee Code to limit property tax exemptions for nonprofit tourist resorts to 400 acres.
SB2054 amends Tennessee Code Annotated, Section 67-5-212, to modify property tax exemptions. Specifically, it sets a maximum exemption of 400 acres for any nonprofit entity owning or operating a premier type tourist resort under § 57-4-102(30)(LLLLLL). This act becomes effective upon becoming law.
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