Issue · Budget & Taxes

Budget & Taxes (Property Tax)

Every budget & taxes bill, vote, and legislator stance in Tennessee, automatically classified by Maddy, our AI policy reader.

Total bills
2
114th First Extraordinary Session (January 2025)
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Showing 2 of 2 bills

All budget & taxes bills

signed · Tennessee · Senate Feb 25, 2025

SB 6007: Public Funds and Financing - As enacted, requires the comptroller to disburse payments to property owners whose real or personal property was destroyed or damaged by a FEMA-certified disaster occurring between September 26, 2024, and September 30, 2024, under certain conditions; authorizes the deployment of a governmental entity's personnel and equipment outside its boundaries to another jurisdiction in response to an emergency under certain conditions. - Amends TCA Title 58, Chapter 8 and Title 67, Chapter 5.

SB 6007 provides property tax relief to owners of real or personal property damaged or destroyed by a FEMA-certified disaster occurring between September 26 and September 30, 2024. The state treasurer must disburse payments equal to 130% of the 2024 property tax bill to qualifying owners who owned the property during the disaster and reside in a county covered by the FEMA declaration. Owners must submit required documentation by June 30, 2025, to receive payments, and the program expires December 31, 2025. The bill also updates emergency response rules to allow government entities to deploy personnel and equipment across jurisdictional lines during emergencies with approval from their chief executive.
in committee · Tennessee · House Feb 25, 2025

HB 6007: Public Funds and Financing - As enacted, requires the comptroller to disburse payments to property owners whose real or personal property was destroyed or damaged by a FEMA-certified disaster occurring between September 26, 2024, and September 30, 2024, under certain conditions; authorizes the deployment of a governmental entity's personnel and equipment outside its boundaries to another jurisdiction in response to an emergency under certain conditions. - Amends TCA Title 58, Chapter 8 and Title 67, Chapter 5.

HB 6007 requires Tennessee's state treasurer to pay property owners 130% of their 2024 property taxes for real or personal property destroyed or damaged by a FEMA-certified disaster occurring between September 26 and 30, 2024. This applies to owners in counties covered by the FEMA declaration who owned the property during the disaster, with payments disbursed by June 30, 2025, after submitting required documentation. The bill also amends state law to allow local governments to deploy personnel and equipment across jurisdictional boundaries during emergencies, with chief executive approval. The property tax provision expires December 31, 2025, and applies only to the specified disaster window.
Sub-Topics Audits & Accountability Property Tax Tags Emergency Management