SB 2371

Taxes, Privilege - As introduced, establishes a high-volume recordation tax to be levied on the purchase of a second or subsequent single-family home in a county per quarter by or on behalf of a real estate investment trust when the purchase is for an amount that is less than or equal to the median sales price of a single-family home in the county for the prior month; requires revenues from the high-volume recordation tax to be kept in the county and used solely for affordable or workforce housing or for rental or housing assistance programs. - Amends TCA Title 5; Title 7; Title 67, Chapter 4, Part 5 and Title 67, Chapter 4, Part 4.