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File #: BL2019-49    Name:
Type: Bill (Ordinance) Status: Passed
File created: 10/5/2020 In control: Metropolitan Council
On agenda: 8/3/2021 Final action: 8/3/2021
Title: An ordinance authorizing a property tax exemption for historic properties owned by charitable institutions in accordance with Tennessee Code Annotated ? 67-5-222.
Sponsors: Jeff Syracuse, Freddie OConnell, Burkley Allen, Zulfat Suara, Russ Bradford, Tanaka Vercher, Tonya Hancock, Nancy VanReece, Delishia Porterfield
Attachments: 1. BL2019-49
title
An ordinance authorizing a property tax exemption for historic properties owned by charitable institutions in accordance with Tennessee Code Annotated ? 67-5-222.

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WHEREAS, T.C.A. ? 67-5-222 provides that certain historic properties owned by charitable institutions are eligible for property tax exemption upon compliance with the provisions of such section, subject to a two-thirds (2/3) vote by the county governing body; and
WHEREAS, historic properties owned by charitable institutions must meet the following statutory requirements under T.C.A. ? 67-5-223 to be eligible for seeking such property tax exemption:
(1) On the National Register of Historic Places;
(2) Used for occasional rentals that last for no more than two (2) days at a time per event;
(3) Not rented out more than one hundred eighty (180) days per year, and the proceeds received from such rental periods must be used solely for the purposes of defraying the maintenance and upkeep of such property
(4) Has been owned and maintained by the charitable institution for at least ten (10) years prior to application for the exemption; and
WHEREAS, it is in the best interest of the citizens of the Metropolitan Government of Nashville and Davidson County that such a property tax exemption for charitable institutions be approved.
NOW THEREFORE, BE IT ENACTED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. That Metropolitan Code Chapter 5.20 is hereby amended by creating a new section 5.20.110 as follows:
5.20.110 - Historic Properties Owned by Charitable Institutions Tax Abatement Program.
A. The provisions of Tennessee Code Annotated Section 67-5-222 shall be applicable to the Metropolitan Government of Nashville and Davidson County.
B. Property eligibility shall be determined pursuant to T.C.A. ? 67-5-222(a).
C. The historic property review board shall establish guidelines governing comprehensive preservation and maintenance plans required for each q...

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