HB2426 - Tennessee - Taxes, Real Property

Companion Bill SB3715. Taxes, Real Property - Provides that annual income limit for purposes of tax relief for disabled homeowners be the same as that for elderly, low-income homeowners. - Amends TCA Section 67-5-703. Fiscal Summary for *HB2426 / SB3715 Increase State Expenditures - Exceeds $278,000 Increase Local Govt. Expenditures - Exceeds $100,000/Permissive Bill Summary for *HB2426 / SB3715 Present law provides for property tax assistance for certain taxpayers who are totally and permanently disabled. Those taxpayers receive from the state general fund the amount necessary to pay or reimburse such taxpayers for all or part of the local property taxes paid for a given year on that property that the taxpayer owned and used as the taxpayer's residence as provided in this section. For tax year 2006, the taxpayer's [...]

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