AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

Summary

The bill creates a statewide property tax exemption of $1,000 for veterans who served in specified wars or conflicts and for their unmarried widows or widowers, provided they were honorably discharged. Individual towns may increase the exemption or provide tax credits up to the amounts listed for each municipality. It also outlines how the exemption is applied when a veteran owns property in multiple towns.

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