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HB05124 • 2026

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

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

Taxes
Passed Legislature

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

Sponsor
Rep. Daniel Gaiewski, 40th Dist.
Last action
2026-02-10
Official status
Referred to Joint Committee on Appropriations
Effective date
Not listed

Plain English Breakdown

The bill summary and text do not provide specific details about the amount of funding or the exact mechanism for reimbursement beyond the fiscal year ending June 30, 2027.

Act Reimbursing Cities and Towns for Veterans' Property Tax Exemption

This act provides money from the General Fund to reimburse municipalities for revenue lost due to a veterans' property tax exemption.

What This Bill Does

  • Reimburses each municipality for revenue loss caused by a specific veterans' property tax exemption.
  • Provides funding from the General Fund to the Office of Policy and Management.

Who It Names or Affects

  • Municipalities that have experienced revenue loss from the veterans' property tax exemption.

Terms To Know

General Fund
A fund used by the government to pay for various expenses and programs.
Municipality
A city, town, or other local government unit.

Limits and Unknowns

  • The exact amount of funding provided is not specified in the bill text.
  • It only covers losses for one fiscal year ending June 30, 2027.

Bill History

  1. 2026-02-10 Connecticut General Assembly

    Referred to Joint Committee on Appropriations

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

Read the full stored bill text 
LCO No. 972 1 of 1

General Assembly Proposed Bill No. 5124
February Session, 2026 LCO No. 972

Referred to Committee on APPROPRIATIONS

Introduced by:
REP. GAIEWSKI, 40th Dist.
REP. BUMGARDNER, 41st Dist.
REP. NOLAN, 39th Dist.

SEN. MARX, 20th Dist.
REP. GAUTHIER, 38th Dist.
REP. MENAPACE, 37th Dist.

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

That the sum of ____ dollars be appropriated to the Office of Policy 1
and Management, from the General Fund, for the fiscal year ending June 2
30, 2027, for the purpose of fully reimbursing each municipality for the 3
revenue loss caused by a property tax exemption for veterans pursuant 4
to subdivision (83) of section 12-81 of the general statutes. 5
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.