CT HB05375

Allows municipalities to provide additional property tax exemptions to veterans already entitled to exemptions under section 12-81, if their qualifying income does not exceed limits set under section 12-81l or a municipality-set amount (up to 25,000 dollars more than the maximum).

Veterans under 65 years old may receive exemptions of up to 10,000 dollars or 10 percent of assessed property value; veterans 65 or older may receive up to 30 percent of assessed value.

Veterans 65 or older are exempted from age 65 threshold income limits and are not required to refile their exemption applications after initial approval.

Veterans and surviving spouses must file applications by the assessment date and submit federal income tax returns or other income evidence; after initial approval, applicants must refile biennially (except veterans 65 and older).

Takes effect October 1, 2012, and applies to assessment years commencing on or after October 1, 2012.