| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | HOUSE BILL 766 | |
| 3 | 3 | By Wright | |
| 4 | 4 | ||
| 5 | 5 | SENATE BILL 774 | |
| 6 | 6 | By Briggs | |
| 7 | 7 | ||
| 8 | 8 | ||
| 9 | 9 | SB0774 | |
| 10 | 10 | 002349 | |
| 11 | 11 | - 1 - | |
| 12 | 12 | ||
| 13 | 13 | AN ACT to amend Tennessee Code Annotated, Title 67, | |
| 14 | 14 | Chapter 5, relative to property tax. | |
| 15 | 15 | ||
| 16 | 16 | BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE: | |
| 17 | 17 | SECTION 1. Tennessee Code Annotated, Section 67-5-2410, is amended by adding | |
| 18 | 18 | the following as a new subsection (c) and redesignating the existing subsections accordingly: | |
| 19 | 19 | (c) Upon the filing of suits to enforce the tax lien against real or personal | |
| 20 | 20 | property, an additional penalty of five percent (5%) upon all delinquent taxes accrues, | |
| 21 | 21 | and the penalty is imposed upon the amount due from any defendant to the state, | |
| 22 | 22 | county, or municipality, which penalty must be devoted to providing tax relief for the | |
| 23 | 23 | homeowners who are elderly low-income, disabled, or a disabled veteran or widow of a | |
| 24 | 24 | disabled veteran, pursuant to part 7 of this chapter. Such penalty must be computed on | |
| 25 | 25 | the base amount of delinquent taxes, not including accrued interest or penalties. | |
| 26 | 26 | SECTION 2. This act takes effect July 1, 2025, the public welfare requiring it. |