HB05007

Connecticut HB05007 requires the state to fully reimburse municipalities for revenue loss due to veterans' property tax exemptions.

Connecticut HB05007 amends the general statutes to mandate that the state fully compensates municipalities for any revenue loss resulting from property tax exemptions granted to veterans. This bill specifically addresses the revenue loss caused by the exemption outlined in subdivision (83) of section 12-81 of the general statutes. The purpose of this legislation is to ensure that municipalities do not suffer financial shortfalls due to these tax exemptions.