The bill amends Chapter 44-3 of the General Laws, focusing on property tax exemptions for veterans, their spouses, and visually impaired individuals. It changes existing tax exemptions in the city of Cranston to tax credits, with specific amounts and adjustments outlined for various groups.

For veterans, the tax credit is set at a maximum of $182.90 per annum, which will be adjusted every three years based on the consumer price index (CPI). The bill clarifies that the remarriage of a veteran's widow or widower does not disqualify them from benefits if the remarriage is void, terminated by death, or annulled.

A new tax credit for visually impaired persons is introduced, capped at $1,097.01 per annum, also subject to adjustment every three years based on the CPI.

For individuals over the age of 65, the tax credit is set at a maximum of $548.51 per annum, with similar adjustment provisions.

Additionally, for totally disabled individuals not owning real property, the tax credit is capped at $365.84 per annum, with adjustments every three years based on the CPI.

Overall, the amendments aim to enhance support for veterans, their families, and elderly residents in Cranston while providing local governments with the flexibility to tailor these benefits to their communities. The act will take effect upon passage.