SB1078 - Tennessee: Elderly Persons, Local Government, General, Taxes, Real Property

Companion Bill HB0897. Taxes, Real Property - Authorizes local governments to implement the recently adopted constitutional amendment permitting local programs of tax relief to certain elderly homeowners. - Amends TCA Title 67, Chapter 5, Part 7. Fiscal Summary for SB1078 / *HB0897 Increase Local Govt. Expenditures - Exceeds $100,000/One-Time/Permissive Exceeds $1,000,000/Recurring/Permissive Decrease Local Govt. Revenues - Exceeds $1,000,000/Permissive Bill Summary for SB1078 / *HB0897 The Constitution of the State of Tennessee provides for taxation of real property and authorizes the state legislature to provide tax relief to elderly low-income taxpayers through payments by the state to reimburse all or part of the county or city taxes paid by such persons on owner-occupied [...]

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