General Assembly Proposed Bill No. 5334
January Session, 2015 LCO No. 689
*00689*
Referred to Committee on VETERANS' AFFAIRS
Introduced by:
REP. YACCARINO, 87th Dist.
General Assembly
Proposed Bill No. 5334
January Session, 2015
LCO No. 689
*00689*
Referred to Committee on VETERANS' AFFAIRS
Introduced by:
REP. YACCARINO, 87th Dist.
AN ACT PROVIDING PROPERTY TAX RELIEF TO VETERANS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That section 12-81 of the general statutes be amended to provide that (1) ten per cent of the value of any property belonging to a veteran of the armed forces who served in time of war is exempt from taxation, and (2) property belonging to veterans who have been assigned a disability rating by the United States Department of Veterans Affairs is exempt from taxation as follows: (A) Fifteen per cent of the value of such property in the case in which such disability rating is at least ten per cent but not more than twenty-five per cent; (B) twenty per cent of the value of such property in the case in which such disability rating is more than twenty-five per cent but not more than fifty per cent; (C) twenty-five per cent of the value of such property in the case in which such disability rating is more than fifty per cent but not more than seventy-five per cent; and (D) thirty per cent of the value of such property in the case in which such disability rating is more than seventy-five per cent or the disabled veteran has attained sixty-five years of age.
Statement of Purpose:
To provide property tax relief to veterans.