The bill amends Chapter 44-3 of the General Laws to enhance property tax exemptions for veterans and their families. It introduces new legal language, specifically 44-3-4. Veterans’ exemptions, which establishes a base exemption of $1,000 for veterans who served in various conflicts, while allowing municipalities to set higher exemption limits based on local ordinances. Notably, the bill includes a deletion that alters the exemption for North Kingstown from a fixed amount of $10,000 to a $200 tax credit or equivalent assessment dollars, reflecting a trend towards greater local flexibility in determining tax relief measures for veterans.
Additionally, the bill introduces 44-3-5. Gold star parents’ exemption, providing a $3,000 property tax exemption for parents whose child has died in military service, with provisions for municipalities to offer higher exemptions. It also clarifies eligibility for veterans of the Persian Gulf conflict and ensures that the remarriage of a veteran's widow or widower does not disqualify them from benefits. The bill aims to improve financial support for veterans, gold star parents, and other specific groups through tailored tax exemptions and credits, while allowing local governments the discretion to adjust these amounts based on community needs. The act is set to take effect on July 1, 2025.