Bill
Bill > HB0726
summary
Introduced
02/03/2025
02/03/2025
In Committee
04/17/2025
04/17/2025
Crossed Over
04/21/2025
04/21/2025
Passed
04/28/2025
04/28/2025
Dead
Signed/Enacted/Adopted
05/27/2025
05/27/2025
Introduced Session
114th General Assembly
Bill Summary
As enacted, extends from January 28, 2025, to April 15, 2025, the date by which an assessor must have determined that property was destroyed or damaged by a qualified disaster in order for the owner to be eligible for a direct payment from the comptroller of the treasury. - Amends TCA Title 67.
AI Summary
This bill makes several amendments to Tennessee's tax code in Title 67, primarily focusing on property tax relief and disaster-related property assessments. Specifically, the bill increases the time window for eligible taxpayers to apply for a property tax refund or credit from 35 to 40 days after taxes become delinquent, giving property owners a bit more flexibility in seeking tax relief. The bill also modifies language related to property assessments for properties damaged by qualified disasters, adjusting how such properties are evaluated by the assessor of property by April 15, 2025. Additionally, the bill changes some technical language in Section 67-5-1601, replacing the phrase "in lieu of" with "with or without" and removing a specific sentence from a subdivision of that section. The changes appear to provide more clarity and slightly more lenient terms for taxpayers dealing with property tax issues or property damage, with the bill taking effect immediately upon becoming law.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (3)
Last Action
Effective date(s) 05/21/2025 (on 05/27/2025)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB0726&ga=114 |
| BillText | https://publications.tnsosfiles.com/acts/114/pub/pc0498.pdf |
| Amendment 1-0 to HB0726 | https://www.capitol.tn.gov/Bills/114/Amend/HA0349.pdf |
| Fiscal Memo for HA0349 (6337) | https://www.capitol.tn.gov/Bills/114/Fiscal/FM1061.pdf |
| Fiscal Note - HB0726 | https://www.capitol.tn.gov/Bills/114/Fiscal/HB0726.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/HB0726.pdf |
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