Connecticut HB05086 ensures municipalities are reimbursed for revenue loss due to veterans' property tax credit.
Connecticut HB05086 amends the general statutes to mandate that the state fully reimburses municipalities for any revenue loss resulting from a property tax exemption for veterans. This exemption is specified under subdivision (83) of section 12-81 of the general statutes. The purpose of the bill is to ensure that municipalities do not suffer financial loss due to this tax exemption for veterans.
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