7-64-203 - Determining income limitation. [For contingent amendment, see Compiler's Notes]. - Tennessee Statutes

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7-64-203. Determining income limitation. [For contingent amendment, see Compiler's Notes].

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.

[Acts 1980, ch. 659, § 3; 1998, ch. 802, § 2.]

State Codes and Statutes

Statutes > Tennessee > Title-7 > Chapter-64 > Part-2 > 7-64-203

7-64-203. Determining income limitation. [For contingent amendment, see Compiler's Notes].

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.

[Acts 1980, ch. 659, § 3; 1998, ch. 802, § 2.]

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State Codes and Statutes

Statutes > Tennessee > Title-7 > Chapter-64 > Part-2 > 7-64-203

7-64-203. Determining income limitation. [For contingent amendment, see Compiler's Notes].

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.

[Acts 1980, ch. 659, § 3; 1998, ch. 802, § 2.]