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CT HB05407
Bill
Status
2/26/2026
Primary Sponsor
Veterans' and Military Affairs Committee
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AI Summary
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Creates a state reimbursement program for municipalities to recover property tax revenue lost due to exemptions for veterans with 100% permanent and total service-connected disability ratings from the U.S. Department of Veterans Affairs
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Requires municipal assessors to certify lost tax revenue amounts to the Secretary of the Office of Policy and Management by July 1st annually, using state-provided forms
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Imposes a $250 forfeiture penalty on municipalities that fail to submit required claims and documentation, though the secretary may waive this penalty
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Mandates the secretary certify reimbursement amounts to the Comptroller by December 15th annually, with payment to municipalities by December 31st
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Effective January 1, 2027, and applies to towns, cities, boroughs, and consolidated municipalities
Legislative Description
An Act Concerning State Reimbursement To Municipalities For Revenue Lost Due To The Property Tax Exemption For Veterans With A One Hundred Per Cent Permanent And Total Disability Rating.
Last Action
Filed with Legislative Commissioners' Office
3/11/2026