AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

Summary

The Senate bill amends the state’s veterans’ property‑tax exemption, allowing a base $1,000 exemption and adding higher, town‑specific caps. Eligible veterans (including those who served in listed wars and conflicts) and their unmarried widows or widowers can claim the exemption on real and personal property in their town of residence, or elsewhere if needed. The changes give municipalities flexibility to set larger exemptions or tax credits through local ordinances.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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