Any taxpayer who owns residential property as such taxpayer's principal place of residence, whose combined annual income from all sources is less than twelve thousand dollars ($12,000), or in the event of a married couple or in the event more than one (1) person is living permanently in the principal residence, this limitation of twelve thousand dollars ($12,000) on income from all sources shall apply to the combined income of both the husband and wife and/or all family members residing in the residence.
Structure 2021 Tennessee Code
Title 7 - Consolidated Governments and Local Governmental Functions and Entities
Chapter 64 - Real Property Tax Deferral
§ 7-64-203. Determining Income Limitation. [For Contingent Amendment, See the Compiler's notes.]
§ 7-64-204. Other Laws Superseded
§ 7-64-205. Claim by Surviving Spouse
§ 7-64-209. Interest — Lien for Unpaid Taxes. [For Contingent Amendment, See the Compiler's notes.]
§ 7-64-210. Termination of Deferral. [For Contingent Amendment, See the Compiler's notes.]