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

Plain English Breakdown

Checked against official source text during the last sync.

Bill to Pay Towns Back for Lost Tax Money from Veteran Exemptions

This bill sets aside money from the state budget to pay towns back for lost tax revenue caused by a specific property tax break for veterans.

What This Bill Does

• Sets aside funds from the General Fund for the fiscal year ending June 30, 2027.
• Sends this money to the Office of Policy and Management.
• Pays each town back for revenue lost due to a specific veterans property tax exemption under subdivision (83) of section 12-81.

Who It Names or Affects

• Municipalities that lose money from the veteran property tax break
• The Office of Policy and Management, which receives the state funds

Terms To Know

Reimburse

To pay back someone for a cost or loss they have already paid.

Property tax exemption

A rule that lets certain people, like veterans in this case, not pay some of their property taxes.

Limits and Unknowns

• The exact dollar amount to be spent is left blank in the text.
• The bill does not list which specific towns will receive money or how much each town gets.

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. 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.