AN ACT CONCERNING FUNDING TO REIMBURSE MUNICIPALITIES FOR REVENUE LOSS CAUSED BY VETERAN PROPERTY TAX EXEMPTIONS.

SB 381 appropriates funds from the General Fund to reimburse Connecticut municipalities for property tax revenue lost when veterans qualify for tax exemptions under state law (section 12-81, subdivision 83). It directly affects towns and cities that grant these exemptions, compensating them for the revenue shortfall caused by the exemption program. The bill provides a specific funding mechanism to ensure municipalities are not financially harmed by offering this benefit to veterans. This is a straightforward reimbursement measure, not a policy change to the exemption itself.