House Bill 1380 amends Tennessee Code Annotated, specifically Section 67-5-701, to introduce a new provision for property tax relief aimed at elderly individuals. The bill stipulates that taxpayers aged eighty-five (85) or older who have received property tax relief for at least five consecutive years will no longer be required to submit a complete application or report their income for continued participation in the program. This exemption is contingent upon their annual income not exceeding a specified threshold and their compliance with other non-income-related eligibility criteria.

Additionally, the bill mandates the development of a simplified reapplication process by the state board of equalization, in collaboration with the comptroller of the treasury and county property assessors. This process will allow eligible taxpayers to confirm their compliance with the necessary requirements through a straightforward method, such as checking boxes on an online or mail-in form. The act is set to take effect immediately upon becoming law, emphasizing the importance of public welfare in its implementation.

Statutes affected:
Introduced: 67-5-701