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CT SB01128

Bill

Status

Introduced

2/23/2023

Primary Sponsor

Veterans' and Military Affairs Committee

Click for details

Origin

Senate

2023 General Assembly

AI Summary

  • Increases the base property tax exemption for qualifying veterans from $1,015 to $1,015 (unchanged in base) but raises disability-related exemptions: 10-25% disability rating exemption increases from $2,030 to $2,030, with tiered increases up to $3,553 for ratings above 75%

  • Grants full property tax exemption on dwelling houses and up to two motor vehicles for veterans with 100% VA disability rating, effective October 1, 2023

  • Raises the optional municipal additional exemption cap from $20,000 to $30,000 for veterans under subdivision (19) and surviving spouses under subdivision (22)

  • Increases the minimum additional exemption for disabled veterans from $3,500 to $4,500 of assessed value, and raises the optional exemption for veterans ineligible for standard exemptions from $5,000 to $7,500

  • Extends surviving spouse exemptions to those whose subsequent marriages ended by dissolution, annulment, or death, allowing them to retain benefits while remaining Connecticut residents

Legislative Description

An Act Concerning Certain Property Tax Exemptions For Veterans.

Last Action

Referred by Senate to Committee on Finance, Revenue and Bonding

5/18/2023

Committee Referrals

Finance, Revenue and Bonding5/18/2023
Appropriations3/7/2023
Veterans' and Military Affairs2/23/2023

Full Bill Text

No bill text available