HB 5007·CT·house
AN ACT FULLY REIMBURSING MUNICIPALITIES FOR REVENUE LOSS ASSOCIATED WITH A VETERANS PROPERTY TAX CREDIT.
In CommitteeFiled Feb 4, 2026
Sponsor: Vincent J. Candelora
Latest Action
REF. TO JOINT COMM. ON Finance, Revenue and Bonding
Feb 4, 2026
Summary
The bill amends state law to require the state to pay municipalities back for any property‑tax revenue they forfeit because of the veteran exemption in §12‑813(83). It impacts all Connecticut municipalities that lose tax dollars and the veterans who receive the credit. The purpose is to protect local budgets while preserving the tax benefit for veterans.
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