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CT HB06307
Bill
Status
1/23/2025
Primary Sponsor
William Buckbee
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AI Summary
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Amends section 12-81 of the general statutes to require the state to reimburse municipalities for 50% of revenue lost due to veterans property tax exemptions
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Targets revenue losses specifically from the property tax exemption for veterans established under subdivision (83) of section 12-81
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Shifts a portion of the financial burden of veterans property tax benefits from local municipalities to the state
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Introduced by Rep. Buckbee (67th District) and referred to the Finance, Revenue and Bonding Committee
Legislative Description
An Act Concerning Funding For Reimbursement To Municipalities For Revenue Loss Associated With The Veterans Property Tax Credit.
Last Action
Referred to Joint Committee on Finance, Revenue and Bonding
1/23/2025