Bill > S1339

This bill proposes to provide tax exemptions for honorably discharged veterans and active duty military personnel in Massachusetts. Specifically, it would allow honorably discharged veterans to receive a full exemption on the taxable valuation of their real property for the first five years after their discharge, provided they meet certain residency requirements and have not previously used this exemption to avoid taxes; this exemption would be fully funded by the Commonwealth. Additionally, the bill would exempt motor vehicles owned and registered by honorably discharged veterans from the motor vehicle excise tax for the first five years after discharge, also with residency requirements and a one-time use limitation, with the Commonwealth covering the cost. Furthermore, motor vehicles owned and registered by active duty military personnel stationed in Massachusetts would be exempt from the motor vehicle excise tax, with the Commonwealth reimbursing cities and towns for the lost revenue.