AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

Summary

The bill revises the state’s veterans’ property tax exemption rules, defining eligibility for veterans of listed conflicts and their surviving spouses and setting exemption limits that vary by town. It allows the exemption to be applied to property in the veteran’s home municipality or, if insufficient, to property elsewhere, with filing deadlines and documentation requirements. Local councils may increase exemptions within the caps provided by the amendment.

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