Connecticut House Bill HB05133

Connecticut 2013 Regular Session

• Introduced: 1/9/13
• Refer: 1/9/13

Caption

An Act Concerning An Expansion Of The Property Tax Exemption For Veterans.

Impact

If enacted, HB 05133 would enable veterans who previously may not have been eligible for property tax reductions due to service criteria, such as duration or conflict period, to now access these exemptions. This adjustment is expected to positively influence many veterans and their families, potentially easing their financial burdens related to property ownership and associated taxes. The expansion of eligibility under this bill is likely to encourage home ownership among veterans.

Summary

House Bill 05133 proposes to expand the property tax exemption facilities for veterans in the state. The fundamental aim of this bill is to amend section 12-81 of the general statutes to allow all veterans, irrespective of their length of service or the time period during which they served, to qualify for the property tax exemption programs currently in place. This proposed change seeks to provide financial relief to a broader spectrum of veterans, thereby acknowledging their service and sacrifices more inclusively.

Contention

While the bill garners support for its inclusive approach, there could be concerns regarding the fiscal implications of such an expansion. Some legislators may argue that extending property tax exemptions to a larger population of veterans could impact local government revenues, as these exemptions reduce the tax base. This poses a consideration for lawmakers concerning balancing the benefits to veterans against possible local funding pressures and the need for adequate services within those communities.