Tennessee HB6007 amends property tax laws to provide payments to property owners affected by qualified disasters.

Tennessee HB6007 amends the state's property tax laws to provide payments to property owners whose property was destroyed or damaged by a qualified disaster. The comptroller of the treasury will disburse payments directly to eligible owners, defined as those whose property was damaged by a disaster certified by FEMA and located in a county included in the FEMA declaration. Payments will be equal to the total tax levied on the property for tax year 2024 plus thirty percent. Owners must submit necessary documentation by June 30, 2025, or forfeit eligibility.

Tennessee HB6007 amends property tax laws to provide payments to property owners affected by qualified disasters.

Tennessee HB6007 amends the state's property tax laws to provide payments to property owners whose property was destroyed or damaged by a qualified disaster. The comptroller of the treasury will disburse payments directly to eligible owners, defined as those whose property was damaged by a disaster certified by FEMA and located in a county included in the FEMA declaration. Payments will be equal to the total tax levied on the property for tax year 2024 plus thirty percent. Owners must submit necessary documentation by June 30, 2025, or forfeit eligibility.