Taxes, Real Property - As introduced, revises the formula for calculating tax relief on real property owned by eligible disabled veterans so that in determining the amount of relief to such a taxpayer, the assessed value on the first $175,000 of full market value is to be multiplied by the ad valorem tax rate of the jurisdiction instead of by a rate that has been adjusted to reflect the relationship between appraised value and market value in that jurisdiction. - Amends TCA Title 67, Chapter 5, Part 7.

Sponsor(s) Added.

Placed on Senate Finance, Ways, and Means Committee calendar for 4/21/2025

Rule #83(8) Suspended, to be heard in Senate Finance, Ways & Means Committee on 4/15/2025

Placed on Senate Finance, Ways, and Means Committee calendar for 4/15/2025

Sponsor(s) Added.

Sponsor(s) Added.

Recommended for passage, refer to Senate Finance, Ways, and Means Committee

Placed on Senate State and Local Government Committee calendar for 4/2/2025

Action deferred in Senate State and Local Government Committee to 4/2/2025

Placed on Senate State and Local Government Committee calendar for 4/1/2025

Sponsor(s) Added.

Passed on Second Consideration, refer to Senate State and Local Government Committee

Introduced, Passed on First Consideration

Filed for introduction