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HB05007 • 2026

AN ACT FULLY REIMBURSING MUNICIPALITIES FOR REVENUE LOSS ASSOCIATED WITH A VETERANS PROPERTY TAX CREDIT.

AN ACT FULLY REIMBURSING MUNICIPALITIES FOR REVENUE LOSS ASSOCIATED WITH A VETERANS PROPERTY TAX CREDIT.

Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Rep. Vincent J. Candelora, 86th Dist.
Last action
2026-02-04
Official status
Referred to Joint Committee on Finance, Revenue and Bonding
Effective date
Not listed

Plain English Breakdown

The bill status shows it passed the legislature but was referred to a committee on February 4, 2026; no effective date is provided in the text.

State Reimbursement for Veterans Property Tax Credits

This bill requires the state government to pay local towns back for money they lose when veterans get a property tax break.

What This Bill Does

  • Requires the state to fully reimburse each municipality for revenue loss caused by a veteran property tax exemption.

Who It Names or Affects

  • Municipalities that collect property taxes
  • Veterans who receive a property tax exemption under subdivision (83) of section 12-81

Limits and Unknowns

  • The official text does not state when this law will take effect.
  • The source material does not explain how the amount of lost revenue is calculated.

Bill History

  1. 2026-02-04 Connecticut General Assembly

    Referred to Joint Committee on Finance, Revenue and Bonding

Official Summary Text

To require the state to fully reimburse each municipality for the revenue loss caused by a property tax exemption for veterans pursuant to subdivision (83) of section 12-81 of the general statutes.

Current Bill Text

Read the full stored bill text 
LCO No. 288 1 of 1

General Assembly Proposed Bill No. 5007
February Session, 2026 LCO No. 288

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
REP. CANDELORA V., 86th Dist.
REP. O'DEA, 125th Dist.
REP. RUTIGLIANO, 123rd Dist.
REP. ACKERT, 8th Dist.
REP. ZUPKUS, 89th Dist.
REP. ZAWISTOWSKI, 61st Dist.
REP. CARNEY, 23rd Dist.

AN ACT FULLY REIMBURSING MUNICIPALITIES FOR REVENUE
LOSS ASSOCIATED WITH A VETERANS PROPERTY TAX CREDIT.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

That the general statutes be amended to require the state to fully 1
reimburse each municipality for the revenue loss caused by a property 2
tax exemption for veterans pursuant to subdivision (83) of section 12-81 3
of the general statutes. 4
Statement of Purpose:
To require the state to fully reimburse each municipality for the revenue
loss caused by a property tax exemption for veterans pursuant to
subdivision (83) of section 12-81 of the general statutes.