Bill > H5309

This bill increases the minimum veterans' tax exemption from one thousand dollars ($1,000) to six thousand dollars ($6,000) for municipal taxes across various cities and towns in Rhode Island. The bill specifically amends Section 44-3-4 of the General Laws, which outlines tax exemptions for veterans who have served in various military conflicts, including World War II, the Korean War, the Vietnam conflict, and more recent conflicts. The exemption applies to veterans who were honorably discharged or discharged under conditions other than dishonorable, as well as to the unmarried widow or widower of such veterans. The tax exemption will be applied to the property in the municipality where the veteran resides, and if there is not enough property to exhaust the exemption, the veteran may claim the balance in another city or town where they own property. The bill will take effect on January 1, 2026, providing a significant increase in tax relief for veterans and their surviving spouses across the state.

Budget and Finance, Housing and Urban Affairs

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