Taxes, Privilege - As introduced, increases from 2.4 to 5 percent, the amount of realty transfer tax and mortgage tax collections retained as commission by county registers for collecting and reporting those taxes; requires 50 percent of such collections to be deposited in the county general fund; allocates the remaining balance to the wetland acquisition fund, local parks land acquisition fund, state lands acquisition fund, agricultural resources conservation fund, and state general fund. - Amends TCA Section 67-4-409.

This bill changes how Tennessee counties handle real estate transfer and mortgage tax collections. It increases the commission county tax collectors retain from 2.4% to 5% of these taxes. Half of that commission (2.5%) must go to the county general fund, while the remaining half (2.5%) is allocated to five specific state funds: wetlands protection, local parks, state lands, farmland conservation, and the state general fund. The bill directly affects county tax offices and determines the distribution of these tax revenues.