Senate Bill 681 aims to amend Tennessee Code Annotated, Section 67-5-704, to enhance property tax relief for veterans with disabilities. The bill proposes to increase the property value threshold for eligibility from "one hundred seventy-five thousand dollars ($175,000)" to "two hundred fifty thousand dollars ($250,000)". This change is intended to provide greater financial support to disabled veterans by allowing more of them to qualify for property tax relief.

The act is set to take effect on July 1, 2025, ensuring that the adjustments to the property tax relief program are implemented in a timely manner to benefit eligible veterans.

Statutes affected:
Introduced: 67-5-704