Posted on April 29, 2024
HARTFORD- State Rep. Holly Cheeseman (R-37) today strongly supported a bill aims to provide financial relief to veterans who have lost their income earning capacity due to their permanent and total disability.
“Permanently disabled veterans deserve this relief as they sacrificed themselves for our country,” said Rep. Cheeseman, the House Ranking member of the Finance, Revenue and Bonding Committee. “This property tax exemption would permit those veterans to live out the rest of their lives in the comfort of their homes.
The legislation, HB 5491, An Act Establishing a Property Tax Exemption for Veterans Who Have a Service-Connected Permanent and Total Disability Rating, creates a property tax exemption for a primary residence or motor vehicle for each veteran who has a permanent and total disability rating.
Cheeseman noted that to qualify, the former service member must have served in the U.S. Army, Navy, Marine Corps, Coast Guard, Air Force, or Space Force; reside in this state; and file for the exemption with the town assessor as the bill requires. The exemption may be transferred to a service member’s spouse or minor children in certain circumstances.
Currently, 39 states currently exempt or provide significantly greater tax relief to their 100% disabled veterans.
The bill now moves to the State Senate for further debate and a vote. The legislative session ends midnight Wednesday on May 8th.