The bill amends Section 44-3-4 of the General Laws in Chapter 44-3, which addresses property taxation and veterans' exemptions. It increases the minimum veterans' exemption from $1,000 to $6,000 for municipal taxes. The bill also specifies that local town councils may establish additional exemptions, including specific amounts for certain towns.

Furthermore, it provides for additional exemptions for veterans who are totally disabled due to service-connected disabilities. The bill removes the previous provision that allowed the town of Coventry to offer a $1,000 exemption for active members of the armed forces. It clarifies that cities and towns can grant exemptions based on eligibility dates outlined in the bill and includes provisions for veterans who served in various conflicts, including the Persian Gulf conflict.

The act is set to take effect on January 1, 2027, with the aim of enhancing financial benefits for veterans and their families while allowing local governments to customize their support for veteran populations.

Statutes affected:
7152: 44-3-4
7152  SUB A: 44-3-4