MA Vets Get Tax Exemption Increases
From the Worcestor Telegram:
Gov. Mitt Romney signed legislation last week that provides disabled Massachusetts veterans with extensive tax exemptions. The law also will provide financial relief for the families of servicemen killed or missing in action.
Under this law, communities will be allowed to suspend without interest the local real estate taxes of active duty National Guardsmen and reservists until 180 days after they return home. [Tax exemptions] will be increased to between $400 and $1,500. ... Surviving spouses of veterans killed or missing in action since Sept. 11, 2001, will receive full property tax exemption for five years and a $2,500 annual exemption will be granted after five years.
Hat tip to Susie Dow for this information.
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