Relative to motor vehicle sales tax exemption for 100% disabled veterans
Impact
The bill, if passed, would directly impact Chapter 64H of the General Laws of Massachusetts by modifying existing provisions to explicitly include veterans with a 100% disability rating as beneficiaries of sales tax exemptions on motor vehicles. This change is intended to reduce the financial burden on these veterans, allowing them to enjoy the same privileges as other exempt individuals, thus promoting fairness and recognition of their sacrifices for the country.
Summary
S1813, introduced by Senator Ryan C. Fattman, seeks to amend state law regarding the motor vehicle sales tax exemption for 100% disabled veterans. The proposed legislation specifies that such individuals, defined as those who have been awarded permanent disability compensation from the United States Department of Veterans Affairs at a 100% rating, are eligible for this tax exemption. This move aims to provide financial relief to veterans who have been significantly impacted by disabilities, ensuring equitable treatment under state tax regulations.
Contention
While the bill is primarily favorable towards enhancing benefits for disabled veterans, it may lead to discussions about the implications of increased exemptions on state revenue. There may be concerns regarding the potential financial impact on the state’s budget as a result of expanded tax exemptions. However, proponents argue that this measure is a necessary step in acknowledging and supporting those who have served, regardless of potential fiscal challenges.
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Replaced by
Order relative to authorizing the joint committee on Revenue to make an investigation and study of certain current Senate documents relative to veterans exemptions and real estate transfer fees.