Taxes, Real Property - As enacted, establishes the process for property tax assessment and valuation of multi-unit rental housing that receives a federal, state, or local incentive based on low-income renter restrictions. - Amends TCA Title 7; Title 13; Title 48; Title 49; Title 67 and Title 68.

Local Government, General - As introduced, requires proposed contingent fee contracts for legal services between a political subdivision of this state and a private-sector attorney to be approved by the attorney general and reporter prior to execution of the contract. - Amends TCA Title 7; Title 8 and Title 29.

Local Government, General - As introduced, authorizes a municipality to create and require the use of a landlord registry for a real estate investment trust that owns, operates, or finances 10 or more dwelling units located within the municipality. - Amends TCA Title 66.

Education - As enacted, makes revisions to law relative to safety in school buildings, policies and procedures regarding grades, and the use of performance goals and measures for a public school or LEA; requires professional licenses issued by the state board of education to be valid for a period of no less than eight years; prohibits the department of education from requiring a school or LEA to submit the school's or LEA's school improvement plan to the department for approval more than once every three years. - Amends TCA Title 49.

Housing - As enacted, authorizes a municipality to aid or otherwise provide assistance to an industrial development corporation for that portion of any project owned by the corporation; and consisting of multifamily housing facilities to be occupied by persons of low or moderate income, elderly, or handicapped persons, for such term or terms and upon such conditions as may be determined by the governing body of the municipality. - Amends TCA Title 5; Title 6; Title 7; Title 13, Chapter 23; Title 48, Chapter 101, Part 9; Title 67, Chapter 5 and Section 67-4-409.

Commerce and Insurance, Dept. of - As enacted, creates the Tennessee-Ireland trade commission. - Amends TCA Title 4; Title 5; Title 6; Title 7; Title 12; Title 13; Title 42; Title 43; Title 44; Title 45; Title 46; Title 47; Title 48; Title 50; Title 53; Title 54; Title 55; Title 56; Title 61; Title 62; Title 65; Title 66; Title 67; Title 68 and Title 71.