Massachusetts House Bill H4162

Massachusetts 2023-2024 Regular Session

• Introduced: 11/6/23
• Refer: 11/6/23

Caption

Relative to property tax relief for 100% disabled veterans

Impact

If enacted, the bill will have a notable impact on state laws regarding tax exemptions for veterans. It expands the criteria and benefits available to disabled veterans, potentially increasing the financial relief available to them. Importantly, the bill stipulates that the exemption will continue for the surviving spouse of a qualified veteran, which ensures continued support for families after the veteran's passing. The financial burden for the exemption will be borne by the commonwealth, which will reimburse cities and towns for the lost tax revenue, thereby redistributing the financial responsibility at the state level.

Summary

House Bill 4162 aims to provide property tax relief specifically for veterans who are rated as 100% disabled. The bill seeks to amend Section 5 of Chapter 59 of the Massachusetts General Laws by adding a new clause that allows veterans who meet certain criteria to receive a tax exemption on their real estate, provided the property serves as their principal residence. This inclusion emphasizes the state's commitment to supporting veterans in recognition of their service, particularly those facing significant disabilities after military service.

Contention

Discussions around this bill may involve debates on its fiscal implications for the state's budget as well as its impact on local government revenue. Advocates argue that such measures are essential to honor veterans and help them maintain financial stability, especially those with severe disabilities. However, concerns may arise regarding the sustainability of state funding for such exemptions, especially if similar measures are introduced or expanded in the future. Critics may also debate whether the criteria for eligibility are stringent enough or if too many individuals will benefit at the expense of local tax bases.