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Tennessee General Assembly· SB 1983Signed by Governor.

Taxes, Real Property - As enacted, revises standards for the length of the redemption period for a property subject to a tax sale based on whether the period of delinquency is three years or less or is more than three ye, the official text

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                              PUBLIC CHAPTER NO. 971

                                                    SENATE BILL NO. 1983

                                         By Taylor, Bailey, Bowling, Gardenhire

                                           Substituted for: House Bill No. 1932

                                                           By Vaughan

AN ACT to amend Tennessee Code Annotated, Section 67-5-2701, relative to procedure for
          redemption of property.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:

          SECTION 1. Tennessee Code Annotated, Section 67-5-2701 (a)(1 )(C), is amended by
deleting the subdivision and substituting instead the following:

                    (C) The redemption period is determined for each parcel based on the period of
          delinquency. Once the period of delinquency is established, the redemption period must be
          set on the following scale:

                              (i) If the period of delinquency is three (3) years or less, the redemption period
                    is one (1) year from the entry of the order confirming the sale; or

                              (ii) If the period of delinquency is more than three (3) years, the redemption
                    period is ninety (90) days from the entry of the order confirming the sale.

          SECTION 2. This act takes effect July 1, 2026, the public welfare requiring it, and applies to
entries of orders confirming a tax sale of a parcel subject to redemption occurring on or after that
date.
         SENATE BILL NO. 1983

PASSED:  April 20, 2026

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                                    SPEAKER OF THE SENATE

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                              CAMERON SEXTON, SPEAKER
                              HOUSE OF REPRESENTATIVES

APPROVED this 1-:)t,Q. day of ~        2026

         ~~
                   BILL LEE, GOVERNOR
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