The bill amends Section 44-3-4 of the General Laws in Chapter 44-3, focusing on property tax exemptions for veterans. It authorizes the town of Middletown to adopt, by ordinance, several real and personal property tax exemptions for any veteran of the United States armed services who was honorably discharged or discharged under conditions other than dishonorable, regardless of their service dates.

The bill allows for a tax credit or exemption on real and personal property for veterans who are considered 100% totally disabled due to a service-connected disability, as well as for their unmarried widows or widowers who are not currently receiving this statutory exemption.

Additionally, the bill provides for exemptions greater than $25,000 of value or tax credits that offer equivalent relief or benefit, with municipalities permitted to set varying exemption amounts. The act is set to take effect upon passage.

Statutes affected:
7662: 44-3-4