Taxes, Exemption and Credits - As introduced, exempts a nonprofit religious institution from property taxes, under certain circumstances; applicable in Davidson County. - Amends TCA Section 67-5-212.

SB 643 would exempt nonprofit religious institutions in Davidson County from property taxes when they own land used for their religious purposes, specifically for institutions with an associated nonprofit business. The bill allows these institutions to claim retroactive tax exemption for up to three years prior to their application date or the date they began using the property for exempt purposes, whichever is later. It applies to properties acquired before or after the bill’s effective date but does not require counties to refund taxes paid before the law passed. The bill is currently pending in the Senate State and Local Government Committee as of April 2025.