The bill amends Section 44-3-4 of the General Laws in Chapter 44-3, which addresses property taxation, specifically enhancing veterans' exemptions. The primary change is the increase in the property tax exemption for veterans and their unmarried widows or widowers from one thousand dollars ($1,000) to six thousand dollars ($6,000). This exemption applies to veterans from various conflicts, including World War I, World War II, the Korean conflict, and the Vietnam conflict, among others.

The bill also allows local councils to set different exemption amounts for various municipalities, providing flexibility in how these exemptions are applied. For instance, specific municipalities may have their own exemption amounts, such as Burrillville, which may exempt real property of totally disabled persons in the amount of six thousand dollars ($6,000), and Little Compton, which may exempt real property of each of the totally disabled persons in the same amount.

Additionally, the bill removes the previous provision for a one-thousand-dollar ($1,000) exemption for active members of the armed forces in Coventry. The act is scheduled to take effect on January 1, 2027, aiming to provide enhanced financial support for veterans and their families.

Statutes affected:
7152: 44-3-4