The bill amends Chapter 44-3 of the General Laws concerning property taxation, specifically for the town of North Kingstown. It introduces new provisions that authorize North Kingstown to provide a $200 tax credit or the equivalent assessment dollars to veterans and gold star parents. Additionally, the bill allows for a tax dollar credit or equivalent assessment dollars for legally blind individuals. It also establishes a $450 tax credit or equivalent assessment dollars for owner-occupied real property for residents over the age of 65.

The legislation removes the previous exemption amount for North Kingstown and replaces it with the specified tax credits. The act is set to take effect on July 1, 2025, allowing the town to implement these tax relief measures for the specified groups.