Bill > S0341

This bill provides a full property tax exemption for veterans who use the property as their primary residence. Currently, veterans receive partial tax exemptions that vary by municipality, with different amounts ranging from $1,000 to $40,500 depending on the town or city. The proposed legislation would replace these variable exemptions with a complete property tax exemption for a veteran's primary residence. The bill specifically amends section 44-3-4 of the Rhode Island General Laws to remove the existing limits on veterans' property tax exemptions and replace them with a full exemption. The legislation applies to veterans who served in various conflicts from the Civil War through more recent military engagements, including those who were honorably discharged or discharged under conditions other than dishonorable. The bill would take effect immediately upon passage, meaning municipalities would be required to implement the full property tax exemption for qualifying veterans as soon as the bill becomes law.

Budget and Finance

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