Connecticut House Bill HB05738

Connecticut 2021 Regular Session

• Introduced: 1/27/21
• Refer: 1/27/21

Caption

An Act Excluding Veterans' Disability Benefits From Qualifying Income When Determining Property Tax Relief.

Impact

If passed, this legislation would have significant implications for veterans in the state, particularly those who rely on disability benefits as a primary or supplementary source of income. By excluding these benefits from the income calculations used for determining property tax relief, the state may help reduce the financial burden on veterans and promote home ownership among this group. Furthermore, this change would also align the state's tax policy more closely with federal guidelines regarding veterans' benefits.

Summary

House Bill 05738 aims to amend the state's tax laws by excluding veterans' disability benefits from qualifying income when determining eligibility for property tax relief. This bill seeks to provide financial relief to veterans who may be struggling with property taxes, ensuring that their disability compensation does not adversely affect their ability to receive tax relief. The initiative highlights the state's commitment to support veterans, recognizing the sacrifices made by them in service to the country.

Contention

While the intention behind HB 05738 is generally seen as beneficial to veterans, it may still face scrutiny during discussions. Some lawmakers may raise concerns about the potential impact on state revenue if a substantial number of veterans qualify for property tax relief. Additionally, there might be discussions regarding the criteria for other income sources and how they are treated under the state's taxation system. Such debates would focus on balancing the needs of veterans with the fiscal responsibilities of the state.