This bill amends the existing law regarding the optional tax credit for service-connected total disability for disabled veterans. Specifically, it introduces the term "permanent" to describe the total disability status, thereby enhancing the definition of eligibility. The bill increases the maximum amount of the tax credit from $4,000 to $5,000, providing greater financial relief to qualifying veterans. Additionally, the new tax credit will replace the standard tax credits outlined in RSA 72:28, 72:28-b, 72:28-c, and 72:36-a, ensuring that the new credit is the sole benefit available under this provision.

The bill is set to take effect 60 days after its passage, which was approved on May 14, 2025, making the effective date July 13, 2025. This legislative change aims to better support disabled veterans by increasing the financial assistance available to them through property tax credits.