Connecticut House Bill HB06315

Connecticut 2021 Regular Session

• Introduced: 1/29/21
• Refer: 1/29/21

Caption

An Act Increasing The Amount Of A Property Tax Exemption Of Certain Veterans.

Impact

If enacted, this bill would directly modify subdivision (19) of section 12-81 of the general statutes, thereby changing existing laws that dictate property tax exemptions available to veterans. The enhancement of the exemption amount signifies a commitment to supporting veterans' welfare and acknowledges their contributions to society. Local and state governments would need to adjust their tax collection measures accordingly, but ultimately, it represents a step towards more comprehensive support for veterans within the community.

Summary

House Bill 6315 proposes to increase the property tax exemption amount specifically for certain veterans to five thousand dollars. The bill seeks to provide additional financial relief to veterans, recognizing their service and encouraging local governments to support those who served in the armed forces. By increasing the exemption, it aims to enhance the affordability of housing for veterans and alleviate some of the financial burdens they may face.

Contention

While the proposal is generally viewed positively, potential contention may arise regarding the funding for this increase in tax exemptions. Opponents may argue that increasing the exemption could reduce critical revenue for local municipalities, which often rely on property tax income to fund essential services. Conversely, supporters might counter that the economic and social benefits of aiding veterans far outweigh potential fiscal impacts, highlighting the need for legislative measures that recognize and support those who have served.