SB 12: Taxes, Ad Valorem - As introduced, changes the reimbursement amount for property tax relief for disabled veteran homeowners; increases the reimbursement amount from payment on the first $175,000 of the full market value of the home to payment on the first $200,000 of the full market value. - Amends TCA Title 67, Chapter 5, Part 7.

Plain-language summary

SB 12 is a bill introduced in the Tennessee Senate on December 10, 2024. According to its official title, it concerns: Taxes, Ad Valorem - As introduced, changes the reimbursement amount for property tax relief for disabled veteran homeowners; increases the reimbursement amount from payment on the first $175,000 of the full market value of the home to payment on the first $200,000 of the full market value. - Amends TCA Title 67, Chapter 5, Part 7. Primary sponsor: Page Walley (Republican). Most recent recorded action (January 15, 2025): Passed on Second Consideration, refer to Senate State and Local Government Committee.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written