Connecticut 2023 Regular Session

Connecticut Senate Bill SB00499

Introduced
1/18/23  
Introduced
1/18/23  
Refer
1/18/23  

Caption

An Act Concerning A Property Tax Exemption For Certain Disabled Veterans.

Impact

If enacted, SB00499 would empower local municipalities to make independent decisions regarding property tax exemptions for disabled veterans, creating a more tailored approach to providing financial relief. This could potentially enhance the quality of life for veterans living in those municipalities, ensuring that they can retain their homes without the added pressure of tax liabilities. However, the fiscal implications for local governments would need to be assessed, especially considering that such exemptions could affect municipal revenue streams.

Summary

SB00499, titled 'An Act Concerning A Property Tax Exemption For Certain Disabled Veterans', seeks to amend chapter 203 of the general statutes to give municipalities the authority to exempt from property taxation veterans with a 100% disability rating. This legislative proposal reflects an effort to honor and financially assist disabled veterans by relieving them of a significant financial burden associated with property ownership. The bill is introduced by Senator Hwang of the 28th District and has been referred to the Committee on Planning and Development for further consideration.

Contention

While the bill is likely to receive bipartisan support due to its focus on aiding veterans, potential contention may arise regarding the fiscal impact on local budgets. Financial concerns from municipalities about the loss of property tax revenue could lead to debates about the sustainability of such exemptions. Some stakeholders may argue that more comprehensive state-level funding mechanisms should accompany the proposal to mitigate the financial impact on municipalities, ensuring that local governance does not suffer due to the additional burdens placed upon them by the bill.

Companion Bills

No companion bills found.

Previously Filed As

CT HB05491

An Act Establishing A Property Tax Exemption For Veterans Who Have A Service-connected Permanent And Total Disability Rating.

CT HB05492

An Act Establishing A Farm Investment Tax Credit And Concerning The Threshold For Certain Optional Farm-related Property Tax Exemptions.

CT HB05405

An Act Establishing A Task Force To Study The Provision Of Additional Property Tax Exemptions For Veterans.

CT HB05516

An Act Concerning A Municipal Option For A Homestead Property Tax Exemption.

CT HB05477

An Act Concerning Penalties For Blight Upon Real Property, Municipal Agreements To Fix Assessments And A Personal Property Tax Exemption.

CT HB05172

An Act Concerning The Assessment Of Motor Vehicles For Property Taxation.

CT SB00450

An Act Phasing In The Exemption Of Motor Vehicles From Property Tax And Increases In The Uniform Property Assessment Rate.

CT SB00225

An Act Concerning Personal Property Tax Exemptions For Motor Vehicles Used Exclusively For Farming.

CT SB00344

An Act Concerning Certain Federal Veterans' Benefits And Income Eligibility Determinations For Certain Public Assistance Programs.

CT SB00447

An Act Concerning The Failure To File For Certain Grand List Exemptions And Authorizing The Deferral Of A Certain Municipality's Real Property Revaluation.

Similar Bills

No similar bills found.