Taxes, Real Property - As introduced, increases exemption to a maximum of 400 acres for certain nonprofit entities. - Amends TCA Section 67-5-212.

HB 2406 would amend Tennessee's property tax law to set a 400-acre maximum limit for tax exemptions on land owned by certain nonprofit entities operating qualifying tourist resorts. Specifically, it targets nonprofits that run "premier type tourist resorts" as defined in state law. The bill changes the existing exemption rule to ensure these organizations cannot claim tax breaks for more than 400 acres of property. This policy change directly affects nonprofit operators of large-scale tourist resorts seeking property tax exemptions under current law. The bill is still in committee review and has not become law.