AN ACT CONCERNING A PROPERTY TAX EXEMPTION FOR VETERANS WHO ARE PERMANENTLY AND TOTALLY DISABLED BASED ON A DISABILITY RATING OF ONE HUNDRED PER CENT AND A PROPERTY TAX EXEMPTION FOR GOLD STAR SPOUSES.
What changed between versions
The effective date for property tax exemptions was updated to apply to assessment years commencing on or after October 1, 2024, with some provisions having different effective dates.
Eligibility criteria for the veteran property tax exemption were refined to clarify that the exemption applies to residents who have served in the military and been determined by the VA to be permanently and totally disabled with a 100% service-connected disability rating.
Requirements for submitting proof of disability to the town assessor were updated, and the process for handling exemptions after a veteran's death was clarified to include surviving spouses and minor children.
New provisions were added requiring town assessors to transmit assessment lists to the Secretary of the Office of Policy and Management within 120 days of the effective date.
New provisions allow towns to adjust tax levies and issue supplemental rate bills for the fiscal year ending June 30, 2026, if certain budget conditions are met.