TN HB0314

Maximum criminal injuries compensation award set at 105% of the national average maximum award across all 50 states, DC, and US Virgin Islands, rounded up to the nearest $100

State treasurer must conduct annual comparisons beginning January 1, 2026, excluding states without ascertainable maximum award limits from calculations

Any decrease to the maximum award requires written approval from the chairs of the Senate and House finance committees before publication; without approval by May 1, the award cannot be reduced

Adjusted maximum award must be published on the Department of Treasury website by May 1 each year, taking effect July 1 for crimes occurring on or after that date

Initial maximum award under this formula must be published by June 30, 2025, applying to crimes occurring on or after July 1, 2025