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Bill > HB1009
TN HB1009
TN HB1009AN ACT to amend Tennessee Code Annotated, Section 67-5-704, relative to property tax relief for veterans with disabilities.
summary
Introduced
02/05/2025
02/05/2025
In Committee
03/19/2025
03/19/2025
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, increases the amount of the reimbursement that is paid under the provisions for property tax relief for disabled veteran homeowners from the first $175,000 of the full market value of the home to the first $250,000 of the full market value. - Amends TCA Section 67-5-704.
AI Summary
This bill amends Tennessee's property tax relief program for disabled veterans by increasing the maximum home value eligible for tax reimbursement from $175,000 to $250,000. Specifically, the legislation modifies Tennessee Code Annotated, Section 67-5-704, to expand the tax relief benefit for disabled veteran homeowners. By raising the threshold from $175,000 to $250,000 of full market value, the bill allows more disabled veterans to receive property tax reimbursements and provides greater financial support to veterans with service-related disabilities. The changes will take effect on July 1, 2025, giving local governments and tax authorities time to prepare for the implementation of the new, more generous property tax relief provision.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (2)
Last Action
Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025 (on 04/09/2025)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB1009&ga=114 |
| Fiscal Note - SB0681 | https://www.capitol.tn.gov/Bills/114/Fiscal/SB0681.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/HB1009.pdf |
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