Bill > S1534

This bill amends Chapter 59 of the General Laws to introduce new provisions for veterans' property tax abatement, allowing local governments to offer tax relief to landlords who rent to veterans or their dependents at a reduced rate. Specifically, a landlord leasing a dwelling unit (a house or part of a house used as a residence) to a veteran or a dependent (defined as a spouse, child, or parent, with specific age and educational criteria for children) at a rate $200 per month below fair market value may receive an annual tax rebate of $3,000, and the occupant may qualify for low-income home energy assistance. Additionally, at the local government's discretion, residential property owned by a veteran with a service-connected disability may be eligible for a $400 property tax exemption.