Bill Summary: SB 341 - Property Tax Relief for Veterans

• Excludes veterans disability benefits from qualifying income calculations when determining eligibility for property tax relief programs including elderly renter relief, homeowner relief, and veterans exemptions effective October 1, 2022.

• Establishes a task force to evaluate state property tax exemptions and relief granted to veterans, make recommendations for adjustments, and create a list of municipalities offering local veterans property tax relief, with a report due by January 1, 2023.

• Allows municipalities to grant extensions for filing property tax appeals to board of assessment appeals for active military service members serving outside Connecticut on the appeal deadline.

• Increases property tax exemption for veterans with 100% disability rating from the U.S. Department of Veterans Affairs to three times the standard amount, with income limits of $21,000 (unmarried) or $24,000 (married).