Connecticut 2017 Regular Session

Connecticut House Bill HB05688

Introduced
1/17/17  
Introduced
1/17/17  
Refer
1/17/17  

Caption

An Act Reducing Eligibility Requirements For Elderly Property Tax Relief.

Impact

The implications of HB 05688 represent a significant shift in state law regarding property tax relief. By decreasing the eligibility age, the bill potentially increases the number of senior citizens who can qualify for tax relief programs. This change not only gives more economic support to the elderly population but also places a responsibility on local governments to adapt their tax protocols to accommodate the new eligibility requirements. This could lead to an increase in budget allocations for property tax relief at the municipal level as more residents become eligible for such assistance.

Summary

House Bill 05688 aims to amend existing statutes regarding property tax relief for elderly citizens. Specifically, the bill seeks to lower the eligibility age for property tax relief from seventy years to sixty-five years. This change is intended to extend financial assistance to a broader group of senior citizens, allowing towns to offer property tax relief to those who may be struggling with their finances as they age. The bill recognizes the increasing economic challenges faced by the elderly and aims to provide timely support to alleviate some of their burdens.

Contention

While the bill is aimed at providing much-needed help to senior citizens, it may also spark discussions concerning the financial implications for local municipalities. Some stakeholders may raise concerns regarding the capability of towns to manage increased demand for property tax relief funding, which could strain local budgets. Opponents might argue that such a change could lead to increased taxes for other residents to cover the costs associated with expanded eligibility. The potential for contention exists as various interests weigh the benefits of assisting elderly residents against the financial sustainability of local tax systems.

Companion Bills

No companion bills found.

Previously Filed As

CT HB05031

An Act Reducing The Rates Of The Room Occupancy Tax.

CT HB05043

An Act Reducing Fees For Small Business Filings With The Secretary Of The State.

CT HB05096

An Act Reducing The Rate Of The Sales And Use Taxes.

CT SB00082

An Act Reducing The Rate Of The Sales And Use Taxes.

CT SB00076

An Act Reducing The Personal Income Tax Marginal Rates For Certain Taxpayers And Concerning The Asset Expense Deduction For Corporations.

CT HB05041

An Act Exempting Certain Articles Of Children's Clothing From The Sales And Use Taxes.

CT HB05104

An Act Increasing The Amount Of The Property Tax Credit For Certain Taxpayers.

CT SB00103

An Act Reducing Certain Personal Income Tax Marginal Rates.

CT SB00238

An Act Expanding Eligibility For Grants From The Military Relief Fund.

CT HB05514

An Act Concerning An Additional Tax Reduction For Eligible Homeowners Under The Circuit Breaker Property Tax Relief Program.

Similar Bills

No similar bills found.