Forfeiture of Assets - As introduced, increases the burden of proof required to be met by the state in civil asset forfeiture proceedings from a preponderance of evidence standard to a clear and convincing evidence standard. - Amends TCA Title 40, Chapter 33.

SB 493 changes Tennessee's civil asset forfeiture law by raising the standard of proof required for the state to keep seized property from a "preponderance of evidence" (more likely than not) to "clear and convincing evidence" (high confidence). This applies to cases under Tennessee Code Annotated Sections 40-33-210 and 40-33-213, directly affecting individuals whose assets (like cash or vehicles) are seized by law enforcement. The bill requires prosecutors to meet a significantly higher evidentiary bar before forfeiting property, making it harder for the state to retain seized items. It takes effect July 1, 2025, applying to seizures occurring on or after that date.