Bill > S0438

This bill provides a full property tax exemption for veterans who use their real property as their primary residence. Currently, Rhode Island law provides partial tax exemptions for veterans based on their service period and disability status, with varying amounts depending on the specific municipality. The bill would allow each city or town council to pass an ordinance providing a complete property tax exemption for veterans who use their property as their primary residence. This means that eligible veterans could potentially have their entire property tax bill eliminated, depending on the specific ordinance passed by their local government. The bill maintains existing provisions about eligibility, such as requiring the veteran to have been honorably discharged or discharged under conditions other than dishonorable, and stipulating that the exemption applies only to the portion of the property used as the veteran's primary domicile. The change would give local governments more flexibility in supporting veterans by potentially offering them full property tax relief, which could provide significant financial assistance to those who have served in the military.

Budget and Finance

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