The bill amends Chapter 44-3 of the General Laws, focusing on property tax exemptions for veterans, gold star parents, legally blind individuals, and elderly persons in North Kingstown. It introduces new provisions that authorize the town of North Kingstown to provide a $200 tax credit or the equivalent assessment dollars to veterans and gold star parents. Additionally, the town may offer a tax dollar credit or the equivalent assessment dollars to legally blind individuals. For elderly persons over the age of 65, the bill establishes a $450 tax credit or the equivalent assessment dollars, replacing the previous valuation-based exemption of up to $30,000.

The legislation allows the town council to review and adjust the exemption amounts and residency requirements at their discretion. The act is set to take effect on July 1, 2025, and aims to enhance financial support for veterans, gold star parents, legally blind individuals, and elderly residents in North Kingstown.