AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

SB 2172 proposes to increase the minimum property tax exemption for veterans in Rhode Island from $1,000 to $6,000. This change would apply to individuals who served honorably in various U.S. military conflicts, as well as their unmarried widows or widowers. The bill allows local towns to set their own exemption amounts, which often exceed the state minimum, and it clarifies how the exemption is applied to a veteran's real and personal property.