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CT HB05007
CT HB05007An Act Fully Reimbursing Municipalities For Revenue Loss Associated With A Veterans Property Tax Credit.
summary
Introduced
02/04/2026
02/04/2026
In Committee
02/04/2026
02/04/2026
Crossed Over
Passed
Dead
Introduced Session
2026 General Assembly
Bill Summary
To require the state to fully reimburse each municipality for the revenue loss caused by a property tax exemption for veterans pursuant to subdivision (83) of section 12-81 of the general statutes.
AI Summary
This bill mandates that the state fully compensate each municipality for any lost tax revenue resulting from a property tax exemption provided to veterans, as outlined in a specific section of the general statutes. This means that if a town loses money because it doesn't collect property taxes from veterans who qualify for this exemption, the state will cover that financial shortfall.
Committee Categories
Budget and Finance
Sponsors (15)
Tim Ackert (R)*,
Vincent Candelora (R)*,
Devin Carney (R)*,
Tom O'Dea (R)*,
Dave Rutigliano (R)*,
Tami Zawistowski (R)*,
Lezlye Zupkus (R)*,
Mark Anderson (R),
Mitch Bolinsky (R),
Marcus Brown (D),
Mark DeCaprio (R),
Tom Delnicki (R),
Craig Fishbein (R),
Ben McGorty (R),
Amy Romano (R),
Last Action
Referred to Joint Committee on Finance, Revenue and Bonding (on 02/04/2026)
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05007&which_year=2026 |
| BillText | https://www.cga.ct.gov/2026/TOB/H/PDF/2026HB-05007-R00-HB.PDF |
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