Amends TCA Title 67, Chapter 5.
Tennessee SB0774 amends the current tax lien enforcement process by introducing an additional 5% penalty on all delinquent taxes, calculated on the base amount owed before accrued interest or penalties. This new penalty is specifically designated for providing tax relief to elderly low-income homeowners, disabled individuals, or disabled veterans and their widows. The bill also maintains existing penalties and provisions related to tax lien enforcement while excluding certain counties from the current 10% penalties.
Tennessee SB0774 amends the current tax lien enforcement process by introducing an additional 5% penalty on all delinquent taxes, calculated on the base amount owed before accrued interest or penalties. This new penalty is specifically designated for providing tax relief to elderly low-income homeowners, disabled individuals, or disabled veterans and their widows. The bill also maintains existing penalties and provisions related to tax lien enforcement while excluding certain counties from the current 10% penalties.
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