SB2541 - Tennessee - Disabled Persons, Taxes, Exemption And Credits, Taxes, Real Property

Taxes, Real Property - Increases from $20,000 to $24,000 the maximum allowable income for determining eligibility to participate in the state's tax relief program for homeowners who are totally and permanently disabled. - Amends TCA Section 67-5-703.

Increase State Expenditures - Exceeds $269,000 Increase Local Govt. Expenditures - Exceeds $100,000/Permissive Funding to increase the income ceiling to $24,000 for disabled taxpayers for tax year 2007 was erroneously included in the general appropriations bill for FY07-08 as part of the funding for Public Chapter 539 (which applied only to elderly taxpayers).