Bill > HB0048

This bill proposes to modify Tennessee's property tax relief program for disabled veterans by removing previous limitations on market value and requiring full state reimbursement of local property taxes. Specifically, the legislation amends existing law to mandate that the state will pay or reimburse disabled veterans for all local property taxes paid on their primary residence in a given tax year, without the previous market value cap that may have limited the amount of relief. This change means that eligible disabled veterans will receive complete property tax relief for their primary home, with the state covering the entire property tax bill. The bill is set to take effect on July 1, 2025, and will apply to tax years beginning on or after that date, providing comprehensive financial support to disabled veterans by eliminating any previous restrictions on property tax exemptions.

Budget and Finance, Government Affairs

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB0048&ga=114