Veterans - As introduced, enacts the "Veterans Assistance for Livelihood, Opportunity, and Relief (VALOR) Act," which exempts disabled veterans who have 100 percent permanent and total disability from a service-connected cause from the payment of certain taxes and fees. - Amends TCA Section 5-8-102; Title 55, Chapter 4; Title 67 and Title 70, Chapter 2.

SB 473, the VALOR Act, would exempt Tennessee veterans with 100% service-connected disability (verified by the U.S. Department of Veterans Affairs) from paying certain fees and taxes. It removes the $10 fee for permanent sport hunting/fishing licenses, requires state reimbursement of local property taxes on a veteran’s primary residence, and eliminates vehicle registration fees for one private passenger vehicle, RV, or truck under 3/4 ton. The exemption applies to veterans who own and use their primary residence as their main home. The bill would take effect January 1, 2026, if enacted.