Amends TCA Title 67, Chapter 5.
Tennessee HB0765 amends Title 67, Chapter 5 of the Tennessee Code Annotated, specifically addressing the distribution of proceeds from tax sales of delinquent properties. The bill introduces a new fourth priority for the distribution of these proceeds, requiring that 10% of any remaining funds be allocated for tax relief for elderly low-income individuals, disabled persons, or the widows of disabled veterans. This change affects property owners facing tax delinquency and the allocation of funds from tax sales within the state.
Tennessee HB0765 amends Title 67, Chapter 5 of the Tennessee Code Annotated, specifically addressing the distribution of proceeds from tax sales of delinquent properties. The bill introduces a new fourth priority for the distribution of these proceeds, requiring that 10% of any remaining funds be allocated for tax relief for elderly low-income individuals, disabled persons, or the widows of disabled veterans. This change affects property owners facing tax delinquency and the allocation of funds from tax sales within the state.
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