Connecticut Senate Bill SB00470

Connecticut 2020 Regular Session

• Introduced: 3/11/20
• Refer: 3/11/20

Caption

An Act Concerning The Recommendations Of The Office Of Policy And Management.

Impact

The bill has substantial implications for local governments, permitting municipalities to provide enhanced property tax exemptions under certain conditions. Specifically, it allows towns to offer an additional exemption equivalent to three times the standard exemption for qualified veterans, contingent upon their income levels. This measure is particularly impactful for individuals transitioning into retirement or facing financial hardships. It widens the scope of potential recipients and aims to provide financial relief to veterans in Connecticut.

Summary

SB00470, titled 'An Act Concerning The Recommendations Of The Office Of Policy And Management', aims to amend various statutes related to property tax exemptions and the duties of municipal assessors. The bill touches on the recommendations provided by the Office of Policy and Management to enhance transparency and efficiency in tax collection and assessment processes. Significant changes include revising the circumstances under which municipalities may offer additional exemptions to specific groups, particularly veterans with a disability rating of one hundred percent.

Contention

Debate around SB00470 points to concerns about the financial repercussions for municipalities. While proponents advocate for the bill as a means of honoring veterans and providing essential support, critics are wary of the potential fiscal strain it could place on local budgets. Might this lead to increased tensions over local funding for essential services? The changes may compel local governments to reassess budgeting priorities, creating a significant dialogue over balancing veteran support against the needs of a broader constituency.