Increases the minimum veterans’ exemption from $1,000 to $6,000 for municipal taxes.

Rhode Island S2916 amends the General Laws to increase the minimum veterans’ exemption from one thousand dollars ($1,000) to six thousand dollars ($6,000) for municipal taxes. This change applies to honorably discharged veterans who served in various conflicts, including World War I, World War II, Vietnam, Grenada, Lebanon, the Persian Gulf, Haiti, Somalia, and Bosnia. The bill allows town councils to provide additional exemptions by ordinance, with specific amounts varying by municipality. The changes will take effect on January 1, 2027.

Increases the minimum veterans’ exemption from $1,000 to $6,000 for municipal taxes.

Rhode Island S2916 amends the General Laws to increase the minimum veterans’ exemption from one thousand dollars ($1,000) to six thousand dollars ($6,000) for municipal taxes. This change applies to honorably discharged veterans who served in various conflicts, including World War I, World War II, Vietnam, Grenada, Lebanon, the Persian Gulf, Haiti, Somalia, and Bosnia. The bill allows town councils to provide additional exemptions by ordinance, with specific amounts varying by municipality. The changes will take effect on January 1, 2027.