Tennessee Senate Bill SB0681

Tennessee 2025-2026 Regular Session

• Introduced: 1/31/25

Caption

AN ACT to amend Tennessee Code Annotated, Section 67-5-704, relative to property tax relief for veterans with disabilities.

Summary

This bill amends Tennessee’s property tax relief law for veterans with disabilities by increasing the assessed value threshold used for the relief program. Specifically, it changes the cap in Tennessee Code Annotated Section 67-5-704 from $175,000 to $250,000 wherever that amount appears. The practical effect is to allow more disabled veterans, or veterans with qualifying properties of higher value, to remain eligible for property tax relief under the program. The bill takes effect July 1, 2025. Because it only changes the dollar threshold in the existing statute, it does not create a new program or alter the basic structure of the property tax relief system; it expands eligibility within the current framework for veterans with disabilities.

Impact

The bill directly amends Tennessee Code Annotated Section 67-5-704, which governs property tax relief for disabled veterans. By raising the property value limit from $175,000 to $250,000, it broadens the class of properties that can qualify for relief and may increase the number of veterans receiving tax benefits, with corresponding fiscal implications for local property tax revenues and state-administered relief funding.

Sentiment

The available voting history suggests broad support for the measure. The Senate State & Local Government Committee recommended passage on a 9-0 vote, indicating unanimous approval in that committee. No committee transcript or recorded opposition is provided, and the bill’s purpose appears straightforward and generally favorable to veterans with disabilities.

Contention

No specific points of contention are reflected in the provided materials. The only likely policy issue is the fiscal effect of expanding property tax relief, including potential revenue impacts on local governments and the state. However, the committee vote shows no recorded disagreement at the committee stage, and no opposing arguments are included in the available context.