CT SB00383

Municipalities may adopt an optional property tax exemption providing 100% disabled veterans with an exemption equal to three times the standard exemption amount, instead of the default two times amount.

The optional exemption applies only to veterans with a 100% disability rating from the U.S. Department of Veterans Affairs and requires income limits of $21,000 if married or $18,000 if unmarried, excluding disability payments.

Municipalities must obtain approval from their legislative body or board of selectmen to implement the enhanced exemption option.

The state reimburses municipalities for revenue losses from both the standard and optional additional exemptions for disabled veterans, subject to proportional reduction if appropriated funds are insufficient.

Applicants must reapply biennially after initial approval and must notify tax assessors if income exceeds limits; false statements result in forfeiture of the exemption.