Rhode Island H7152 increases the minimum veterans' exemption from $1,000 to $6,000 for municipal taxes.

Rhode Island H7152 amends the General Laws to increase the minimum veterans' exemption from $1,000 to $6,000 for municipal taxes. This change applies to the property of veterans who served in various conflicts, including the war of the rebellion, the Spanish-American war, and World War I. The bill also allows certain municipalities to provide additional exemptions or tax credits by ordinance. The changes will take effect on January 1, 2027.

Rhode Island H7152 increases the minimum veterans' exemption from $1,000 to $6,000 for municipal taxes.

Rhode Island H7152 amends the General Laws to increase the minimum veterans' exemption from $1,000 to $6,000 for municipal taxes. This change applies to the property of veterans who served in various conflicts, including the war of the rebellion, the Spanish-American war, and World War I. The bill also allows certain municipalities to provide additional exemptions or tax credits by ordinance. The changes will take effect on January 1, 2027.