This bill allows charitable organizations to request a property tax exemption for the 2024 tax year if they can demonstrate to the selectmen that they were unable to file their statement of financial condition by the June 1, 2024 deadline due to accident, mistake, or misfortune. The bill stipulates that if the selectmen deny the exemption request, the organization has the right to appeal the decision to the board of tax and land appeals or the superior court.

The legal language inserted into current law includes provisions for granting retroactive property tax exemptions to qualified charitable organizations that missed the filing deadline due to specified circumstances. The bill also modifies existing law by allowing for an appeal process if the exemption request is denied. The effective date of the act is set for May 14, 2025.