AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

SB 98 provides property tax relief for specific groups in Rhode Island, including veterans of qualifying military service (from the Civil War through the Gulf War), gold star parents (parents of fallen service members), visually impaired individuals, and seniors. The bill establishes a base $1,000 property tax exemption for eligible residents, with municipalities allowed to set higher limits (e.g., up to $40,500 in Westerly or $36,450 in New Shoreham). Tax credits or exemptions apply to real property and, in some towns, motor vehicles, with eligibility requiring honorable discharge and state residency. The law, signed by the governor on June 24, 2025, modifies existing tax exemption provisions across all Rhode Island municipalities.