OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
HB-7122
AN ACT EXCLUDING VETERANS' DISABILITY PAYMENTS FROM
QUALIFYING INCOME WHEN DETERMINING CERTAIN
PROPERTY TAX RELIEF.
Primary Analyst: JP 3/21/25
Contributing Analyst(s):
Reviewer: RW
OFA Fiscal Note
State Impact: None
Municipal Impact:
Municipalities Effect FY 26 $ FY 27 $
All Municipalities Potential
Grand List
Reduction
None See Below
Explanation
The bill excludes veterans’ disability payments from qualifying
income when determining eligibility for various property tax relief
programs, which results in a potential grand list reduction beginning in
FY 27 to the extent that more veterans become eligible for property tax
relief programs and towns implement certain municipal options.
The Out Years
The annualized ongoing fiscal impact identified above would
continue into the future subject to inflation and the number of eligible
veterans.