Cemeteries - As enacted, changes the way that the fair market value of an improvement care trust fund is calculated for certain purposes; clarifies that the fee that a cemetery company charges for the memorial care of a commodity installed in the cemetery cannot exceed the fee charged by the company for installation of the commodity; makes other changes related to cemeteries. - Amends TCA Title 46.

SB 715 modifies Tennessee cemetery regulations to increase fee transparency and prevent double-charging. It requires cemetery companies to charge uniform fees for installing memorials regardless of where the memorial is purchased, prohibits extra improvement care deposits for the same cemetery space after an initial payment, and clarifies how trust fund values are calculated (averaging over multiple years). The bill also establishes clear rules for reclaiming abandoned interment rights, requiring cemeteries to search for owners and provide proof of ownership within one year before reusing plots. These changes directly affect cemetery companies and individuals purchasing burial plots or memorial services in Tennessee.