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

Plain English Breakdown

The official source material does not provide details on the frequency or timing of reimbursements, nor does it specify which municipalities are affected beyond those experiencing a loss due to the exemption.

Act Reimbursing Towns for Veterans' Property Tax Exemptions

This act requires the state to give money back to towns and cities that lose property tax revenue due to a veterans' property tax exemption.

What This Bill Does

• Requires the state to fully reimburse each municipality for lost property tax income because of a veterans' property tax exemption.

Who It Names or Affects

• Municipalities (towns and cities) that lose money because of the veterans' property tax exemption.
• Veterans who receive a property tax break under subdivision (83) of section 12-81 of the general statutes.

Terms To Know

Municipality

A town, city, or other local government unit.

Property Tax Exemption

An allowance that reduces or eliminates the amount of property tax a person has to pay.

Limits and Unknowns

• The bill does not specify how much money each municipality will receive.
• It is unclear when this reimbursement will start and how often it will be given.

Official Summary Text

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

LCO No. 663 1 of 1

General Assembly Proposed Bill No. 5086
February Session, 2026 LCO No. 663

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
REP. BOLINSKY, 106th 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 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.