AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION -- TAX EXEMPTIONS -- JAMESTOWN

HB 7243 grants the town of Jamestown the authority to offer property tax reductions to two specific groups: parents of military service members who died in the line of duty and legally blind residents. Under this law, Jamestown can provide a tax dollar reduction of up to $5,000 for gold star parents and a similar credit for visually impaired individuals who meet federal certification standards. The bill amends state statutes to allow other municipalities to set their own exemption amounts, but specifically authorizes Jamestown to implement these benefits through local ordinance. This change enables the town to directly lower property tax bills for eligible families and individuals without altering the broader state tax code.