Bill > S2046

This bill proposes to create a new property tax exemption for disabled veterans in Massachusetts by amending an existing tax law. Specifically, the exemption would apply to veterans who are legal residents of Massachusetts, are 65 years or older, have been honorably discharged, and have a service-connected disability rating from the United States Department of Veterans Affairs. The amount of the property tax exemption would be proportional to the veteran's disability rating, meaning a veteran with a 50% disability rating would receive a 50% exemption on their primary residence's property tax. The exemption would apply only to the portion of the property used as the veteran's domicile, and importantly, it would continue to benefit the veteran's surviving spouse (who must also be 65 or older) as long as they remain the property owner and occupant. The state treasurer would reimburse cities and towns for the lost tax revenue, ensuring that local municipalities are not financially disadvantaged by granting this exemption to disabled veterans.

Budget and Finance

https://malegislature.gov/Bills/194/S2046