Advocacy Initiative
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Advocacy Initiative
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Priority Bill
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Priority Bill
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Bill Number
768
Session
2025 - 2026
Chamber
Senate
Sponsor
Sen. Harvey S. Peeler Jr.
Sen. Thomas C. Alexander
Sen. Josh Kimbrell
Sen. Daniel B. "Danny" Verdin III
Sen. A. Shane Massey
Sen. Greg Hembree
Sen. Ross Turner
Category
Finance, Revenue, Taxes
Committee
Senate Finance Committee
Status
Favorable report
Staff Summary
Summary of the bill as introduced: Increases the homestead property tax exemption to $100,000, and reduces the age of eligibility to 60 years old.
Senate Subcommittee Action
01.13.2026 The Senate Finance Property Tax subcommittee gave this bill a favorable report.
Senate Committee Action
01.20.2026 The Senate Finance Committee gave this bill a favorable report as amended. The amendment increases the age to 65 years old, increases the amount of the exemption to $150,000 and includes a residency requirement of 5 years.