Bill > H2476

This bill proposes to amend existing tax laws to allow disabled veterans to retain their property tax abatements, which are reductions in property taxes, even if they transfer ownership of their home to a trust, conservatorship, or their spouse. Specifically, it allows a disabled veteran, defined as someone who served in the armed forces and has a service-connected disability, to transfer their residence to a spouse, trust, or conservatorship and still receive the tax abatement. This benefit would continue until the death of the disabled veteran or their surviving spouse, as long as they continue to live in the home. This provision would take effect in any city or town after they formally accept it.