Real Property - As enacted, creates a vested property right upon the submission, rather than the approval, of a development plan or building permit; specifies that the vesting period applicable when it is based on the submission of a building permit is three years. - Amends TCA Title 13.

SB 1313 changes Tennessee property development law by establishing a property owner's rights upon *submitting* a development plan or building permit, rather than waiting for local government *approval*. This affects developers and local governments, as it secures rights for three years starting from the submission date. The law requires plans to substantially comply with local ordinances, fixes development standards in place at submission for the entire vesting period, and shifts key terms from "approval" to "submission" throughout the code. The bill is now enacted (effective July 1, 2025), streamlining the timeline for project certainty.