Tax Break for U.S. Veterans

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A new bill passed in the Tennessee General Assembly gives disabled veterans a property tax break.

The Tennessee Senate passed a new bill and, if signed into law by Gov. Bill Haslam, disabled veteran homeowners will receive a break when it’s time to pay the tax bill.

The new bill will remove the annual income limit for property tax relief for disabled veterans. Financial experts say the bill removes the income limitation for disabled veterans because prior to the new bill, if disabled veterans made over a certain amount, they were not able to get the property tax relief.

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