Connecticut House Bill HB05234

Connecticut 2015 Regular Session

• Introduced: 1/9/15
• Refer: 1/9/15

Caption

An Act Concerning The Property Tax Exemption For Veterans Who Served In Time Of War Or Are Disabled.

Impact

By proposing this amendment to section 12-81 of the general statutes, the bill outlines specific percentages of property value that would be exempt from taxation based on the veteran's disability rating. For veterans who served in wartime, a standard exemption of ten percent of property value is set, while additional exemptions ranging from fifteen to thirty percent are established based on various disability ratings. This tiered approach not only acknowledges the needs of disabled veterans but also ensures that property tax relief is commensurate with their level of disability.

Summary

House Bill 5234 is an act aimed at amending the existing property tax exemption regulations for veterans who have served during wartime or those who are disabled. The primary goal of the bill is to enhance the financial relief provided to these veterans by offering greater tax exemptions based on their service and disability ratings. This legislative change seeks to provide a more equitable treatment of veterans in terms of property taxation, recognizing their contributions and sacrifices made during their service to the country.

Contention

Discussions around HB 5234 may focus on the adequacy of the proposed tax relief and whether it sufficiently meets the needs of veterans. Some advocates argue that while the bill is a positive step, it may not go far enough in addressing the financial burdens faced by veterans, particularly those with significant disabilities. On the other hand, opponents could raise concerns about the implications of increased tax exemptions on state tax revenue and whether these exemptions could lead to disproportionate advantages for some veterans over others, potentially creating inequities within the system.