SB 214

General Assembly  Proposed Bill No. 214
      February Session, 2026  LCO No. 787
    Referred to Committee on VETERANS' AND MILITARY
    AFFAIRS
    Introduced by:
     SEN. OSTEN, 19th Dist.
 AN ACT CONCERNING THE BASIC PROPERTY TAX EXEMPTION
 FOR VETERANS AND CERTAIN OTHER MILITARY-RELATED
 INDIVIDUALS.
 Be it enacted by the Senate and House of Representatives in General
 Assembly convened:
1  That subdivision (19) of section 12-81 of the general statutes be
2      amended to provide, for any property belonging to or held in trust for
3      any veteran or certain other military-related individual that is valued at
4      less than seven hundred fifty thousand dollars, a property tax
5      exemption in the amount of twenty thousand dollars off the assessed
6      value of such property.
       Statement of Purpose:
       To (1) provide an increase in the exemption amount for property
       belonging to veterans and certain other military-related individuals,
       and (2) impose a cap on the value of any such property that would be
       eligible for such exemption.
    LCO No. 787  1 of 1