An Act relative to tax abatements for disabled veterans and Gold Star families

This bill modifies Massachusetts property tax laws to provide additional financial relief to disabled veterans and Gold Star families. It requires local assessors to calculate a new, proportionate tax exemption based on the percentage increase in property taxes these individuals would have paid without their existing exemptions. The mechanism ensures that if property taxes rise, the additional amount owed is offset by a corresponding increase in the tax exemption, and this calculation is performed annually.