OLR Bill Analysis

SB 846

AN ACT CONCERNING THE DISABLED VETERANS' PROPERTY TAX EXEMPTION.

SUMMARY:

This bill eliminates the requirement that a veteran under age 65 claiming the veterans' disabled property tax exemption provide annual proof of his or her disability to the town assessor. Under the bill, a veteran who submits initial proof of his or her disability rating, as determined by the federal Veterans' Administration (VA), is required to submit proof and reestablish eligibility in subsequent years only if the VA modifies the rating.

EFFECTIVE DATE: Upon passage

VETERANS' PROPERTY TAX EXEMPTIONS

State law provides a basic $ 1,000 municipal property tax exemption for qualified veterans.  It also provides for an additional mandatory exemption and an additional optional exemption for veterans who qualify for the basic exemption and meet certain income limits.  An exemption is a reduction in the property's assessed value on which taxes are owed, not a credit against the amount of the tax.  Exemption amounts depend on income, disability, and other factors.

COMMITTEE ACTION

Select Committee on Veterans' Affairs

Joint Favorable Change of Reference

Planning and Development Committee

Joint Favorable