Taxes, Exemption and Credits - As introduced, creates tax exemption for portions of property that provide tree canopy cover in counties whose local governing bodies elect to create the exemption. - Amends TCA Title 5; Title 6 and Title 67, Chapter 5.

Summary

The bill lets counties that choose to participate offer a tax break on the portion of a property that is covered by tree canopy. Property owners must apply, and the exemption is limited to the assessed value of the canopy‑covered area and lasts up to seven years. It aims to encourage urban tree preservation by reducing taxes on green space.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share