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TN HB0766

Bill

Official Source

Status

Introduced

2/4/2025

Primary Sponsor

Dave Wright

Click for details

Origin

House of Representatives

114th General Assembly

AI Summary

  • Imposes an additional 5% penalty on all delinquent property taxes when suits are filed to enforce tax liens against real or personal property

  • Penalty applies to amounts owed to the state, county, or municipality and is calculated on the base delinquent tax amount, excluding accrued interest or existing penalties

  • Revenue from the new penalty must be dedicated to tax relief programs for elderly low-income homeowners, disabled homeowners, disabled veterans, and widows of disabled veterans

  • Effective date: July 1, 2025

Legislative Description

AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 5, relative to property tax.

Taxes, Ad Valorem

Last Action

Taken off notice for cal. in State & Local Government Committee

3/19/2025

Committee Referrals

State & Local Government3/12/2025
Cities & Counties Subcommittee3/5/2025
State & Local Government2/6/2025

Full Bill Text

No bill text available