AN ACT CONCERNING REIMBURSEMENTS TO MUNICIPALITIES FOR REVENUE LOSS ASSOCIATED WITH A VETERANS PROPERTY TAX CREDIT.

Plain English Breakdown

The official status shows the bill was referred to a committee on February 6, 2026; therefore, its final passage or enactment is not confirmed in this source material.

State Reimbursement for Veterans Property Tax Credits

This bill requires the state to pay back half of the money towns lose when they give property tax breaks to veterans under a specific law.

What This Bill Does

• Requires the state to reimburse municipalities fifty percent of revenue loss from a veteran property tax exemption.
• Applies specifically to the exemption in subdivision (83) of section 12-81 of general statutes.

Who It Names or Affects

• Municipalities that lose tax revenue due to this veterans' exemption

Terms To Know

Reimbursement

Money paid back by the state to cover a loss.

Revenue Loss

The tax money towns do not collect because of an exemption.

Limits and Unknowns

• The official text does not include an effective date.
• The source material does not explain how municipalities apply for or receive these funds.

Official Summary Text

To require the state to partially reimburse municipalities for the cost associated with administering a veterans property tax credit.

Current Bill Text

LCO No. 267 1 of 1

General Assembly Proposed Bill No. 5068
February Session, 2026 LCO No. 267

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
REP. BUCKBEE, 67th Dist.

AN ACT CONCERNING REIMBURSEMENTS TO 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 reimburse 1
each municipality fifty per cent of 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 partially reimburse municipalities for the cost
associated with administering a veterans property tax credit.