Connecticut HB05124 fully reimburses municipalities for revenue loss due to a veterans property tax exemption.
Connecticut HB05124 provides full reimbursement to municipalities for revenue loss caused by a property tax exemption for veterans. This reimbursement is intended to offset the financial impact on local governments resulting from the exemption. The bill specifies that the funds will be appropriated from the General Fund for the fiscal year ending June 30, 2027.
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