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HB 5086 Connecticut House · 2026 Regular Session

AN ACT FULLY REIMBURSING MUNICIPALITIES FOR REVENUE LOSS ASSOCIATED WITH A VETERANS PROPERTY TAX CREDIT.

HB 5086 requires the state to fully reimburse municipalities for lost property tax revenue caused by an existing veterans' property tax credit. This credit, outlined in section 12-81(83) of state law, allows veterans to reduce their property tax bill. The bill directly affects local governments (municipalities) that currently absorb this revenue loss. It shifts the cost from municipalities to the state, ensuring local budgets aren't negatively impacted by the veterans' tax credit.
Issues: ✓ Budget & TaxesSupports Budget & TaxesReimburses municipalities for lost tax revenue, protecting local budgets from fiscal impact of veterans' tax credit, aligning with fiscal responsibility.95% confidence ✓ VeteransSupports VeteransBill ensures veterans' existing property tax credit remains fully effective by reimbursing municipalities for lost revenue, protecting access to the benefit without burdening local budgets.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 9, 2026 Last action Feb 9, 2026
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Total actions
1
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0
Committee
1
Feb 9, 2026
Committee
REF. TO JOINT COMM. ON Finance, Revenue and Bonding
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Mitch Bolinsky
Mitch Bolinsky
RRepublican
CT
106