Senate Bill 681 amends Tennessee Code Annotated, Section 67-5-704, to increase the property tax relief threshold for veterans with disabilities. Specifically, the bill replaces the existing limit of "one hundred seventy-five thousand dollars ($175,000)" with a new limit of "two hundred fifty thousand dollars ($250,000)."

This change aims to provide greater financial support to disabled veterans by allowing them to benefit from a higher property tax relief amount. The bill is set to take effect on July 1, 2025, ensuring that the new provisions will be in place for future tax assessments.

Statutes affected:
Introduced: 67-5-704