HOUSE BILL 151 By Gant SENATE BILL 12 By Walley SB0012 000154 - 1 - AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 5, Part 7, relative to property tax relief for veterans. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE: SECTION 1. Tennessee Code Annotated, Section 67-5-704(a), is amended by deleting "one hundred seventy-five thousand dollars ($175,000)" wherever it appears in subdivisions (2), (3), and (4), and substituting instead "two hundred thousand dollars ($200,000)". SECTION 2. This act takes effect July 1, 2025, the public welfare requiring it, and applies to tax years beginning on or after that date.