Image Credit: TN General Assembly
The Tennessee Conservative [By Adelia Kirchner] –
The Veterans Assistance for Livelihood, Opportunity, and Relief Act (VALOR) Act passed by a unanimous 21-0 vote in the House State and Local Government Committee on Wednesday.
House Bill 52 (HB0052) is sponsored by Rep. Gino Bulso (R-Brentwood-District 61).
“We have, for more than 50 years, provided a local property tax exemption to our permanently and totally disabled veterans in Tennessee,” Rep. Bulso told committee members.
The bill sponsor noted that the last time this exemption amount was adjusted was in 2006, almost 20 years ago, when the exemption was raised from a $150,000 to $175,000.
“Just in Davidson County alone, fair market value of residential property in the last ten years has doubled,” said Rep. Bulso.
The VALOR Act aims to increase a property tax exemption that already exists for 100% permanently and totally disabled veterans.
This bill increases that exemption.
Republicans Rush Bricken, Jeff Burkhart, Ed Butler, Michele Carringer, John Crawford, Dan Howell, Tom Leatherwood, Mary Littleton, Greg Martin, Jerome Moon, Dennis Powers, Tim Rudd, Iris Rudder, Todd Warner, and Dave Wright, as well as Democrats Jesse Chism, Vincent Dixie, Larry Miller, Bo Mitchell, Jason Powell, and Gabby Salinas, voted in favor the legislation.
This legislation previously passed the House Departments and Agencies Subcommittee with a unanimous vote in less than 3 minutes.
The bill will go on to be considered by the House Finance, Ways and Means Subcommittee on Wednesday, April 2nd.
Rep.ryan.williams@capitol.tn.gov, rep.kip.capley@capitol.tn.gov, rep.jesse.chism@capitol.tn.gov, rep.mark.cochran@capitol.tn.gov, rep.john.crawford@capitol.tn.gov, rep.ron.gant@capitol.tn.gov, rep.john.gillespie@capitol.tn.gov, rep.gary.hicks@capitol.tn.gov, rep.tim.hicks@capitol.tn.gov, rep.antonio.parkinson@capitol.tn.gov, rep.lee.reeves@capitol.tn.gov, rep.johnny.shaw@capitol.tn.gov, rep.jason.zachary@capitol.tn.gov
The corresponding Senate Bill 473 (SB0473), sponsored by Sen. Janice Bowling (R-Tullahoma-District 16), is scheduled for consideration in the Senate State and Local Government Committee on Tuesday, April 1st.
Sen.richard.briggs@capitol.tn.gov, sen.page.walley@capitol.tn.gov, sen.tom.hatcher@capitol.tn.gov, sen.todd.gardenhire@capitol.tn.gov, sen.ed.jackson@capitol.tn.gov, sen.sara.kyle@capitol.tn.gov, sen.adam.lowe@capitol.tn.gov, sen.kerry.roberts@capitol.tn.gov, sen.jeff.yarbro@capitol.tn.gov
About the Author: Adelia Kirchner is a Tennessee resident and reporter for the Tennessee Conservative. Currently the host of Subtle Rampage Podcast, she has also worked for the South Dakota State Legislature and interned for Senator Bill Hagerty’s Office in Nashville, Tennessee. Adelia is The Tennessee Conservative’s on-site reporter for the Tennessee General Assembly. You can reach Adelia at adelia@tennesseeconservativenews.com.
