MA S2046

Creates a new property tax exemption for disabled veterans age 65 or older with service-connected disabilities, with the exemption amount equal to the percentage of their VA disability rating (e.g., 70% disability = 70% property tax exemption)

Requires veterans to have been domiciled in Massachusetts for at least 6 months before entering service or to have resided in the state for 1 consecutive year before applying for the exemption

Limits the exemption to the portion of the property occupied as the veteran's primary residence; multi-family properties only receive exemption on the owner-occupied unit

Extends the exemption to surviving spouses age 65 or older who continue to own and occupy the property after the veteran's death

Requires the Commonwealth to fully reimburse cities and towns for the lost property tax revenue through annual payments from the state treasurer