Taxes, Real Property - As enacted, authorizes, until June 30, 2041, a county or municipality that levies a property tax to pay a property tax refund owed to a taxpayer through annual installments applied as credits against the taxpayer's future property taxes if certain criteria are met. - Amends TCA Title 67.

Summary

The bill lets counties or municipalities that collect property taxes provide refunds to taxpayers by applying the refund as a credit against future property tax bills, subject to criteria and until June 30, 2041. It also amends the reporting rule so the annual report can be sent electronically to the state board of equalization. This changes how refunds are handled and streamlines reporting.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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