Bill > HB1380

This bill amends Tennessee property tax relief regulations for elderly residents by modifying the annual reporting requirements for individuals aged 85 and older who have already received property tax relief for at least five consecutive years. Specifically, these taxpayers will no longer need to submit a comprehensive application or report their income annually to continue receiving the tax relief, provided their annual income remains below a specified threshold and they continue to meet other non-income-related eligibility criteria. The state board of equalization, in collaboration with the comptroller and county property assessors, will develop a simplified reapplication process that allows these seniors to verify their continued eligibility through an easy online or mail-in method, such as checking a box to confirm they still meet the requirements. This change aims to reduce administrative burden for elderly property owners who have consistently qualified for tax relief and whose financial circumstances are unlikely to change significantly.

Government Affairs

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB1380&ga=114