Taxes, Exemption and Credits - As introduced, creates tax exemption for portions of property that provide tree canopy cover in counties whose local governing bodies elect to create the exemption. - Amends TCA Title 5; Title 6 and Title 67, Chapter 5.

SB 1101 allows Tennessee counties to create a property tax exemption for portions of real property covered by tree canopy, as defined by specific measurement methods (including aerial imagery or field surveys). Property owners in participating counties can apply for this exemption, which applies only to the canopy-covered area (not the entire property), with the exemption value determined by county agencies. The exemption requires annual renewal, is not transferable, and property owners must report changes affecting canopy coverage to maintain the tax break.