Budget & Taxes (Property Tax)

in committee · Connecticut · House Feb 11, 2026

HB 5174: AN ACT CONCERNING FUNDING FOR THE CITY OF NEW LONDON FOR LOSS OF TAXES ON PRIVATE TAX-EXEMPT PROPERTY.

HB 5174 would require the state to pay the city of New London $4 million annually to reimburse lost property tax revenue. This funding directly compensates the city for taxes not collected from the U.S. Coast Guard Academy, which is tax-exempt property under federal law. The bill amends state statute to establish this mandatory annual payment, ensuring the city receives consistent financial support. This policy change replaces revenue the city would have received if the academy paid local property taxes.

Topics ✓ Budget & TaxesSupports Budget & TaxesReimburses city for lost tax revenue via state appropriation, ensuring fiscal stability for municipal services and replacing revenue shortfall.95% confidence

Sub-Topics Property Tax Revenue

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in committee · Connecticut · Senate Feb 4, 2026

SB 34: AN ACT CONCERNING AN INCREASE OF THE FOUNDATION AMOUNT FOR PURPOSES OF THE EDUCATION COST-SHARING GRANT.

SB 34 increases the per-student foundation amount used to calculate state education funding from $11,525 to $16,065. This change directly affects public schools and local school districts by altering how state education grants are calculated. The bill amends a specific statute to raise this foundation amount, aiming to provide property tax relief to homeowners. The key mechanism is adjusting the funding formula to shift more cost responsibility to the state, potentially reducing local property tax burdens.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases state education funding to reduce local property taxes, directly providing tax relief to homeowners as stated in the bill's purpose.95% confidence ✓ EducationSupports EducationIncreases state education funding per student by raising foundation amount from $11,525 to $16,065, directly boosting school grants and providing property tax relief.95% confidence

Sub-Topics Property Tax School Funding

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in committee · Connecticut · House Feb 10, 2026

HB 5129: AN ACT ESTABLISHING A SURCHARGE ON HIGH-VALUE RECREATIONAL VESSELS AND CONCERNING THE USE OF THE REVENUE GENERATED.

HB 5129 would require owners of high-value recreational vessels (such as expensive boats and yachts) to pay an additional surcharge. The revenue generated from this surcharge would be dedicated to reducing and eliminating the property tax on motor vehicles, including cars and trucks. This bill directly affects vessel owners through a new fee and vehicle owners through potential tax relief, creating a funding mechanism to lower vehicle taxes by taxing a specific category of recreational boats.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes surcharge on luxury vessels to fund vehicle tax relief, directly shifting tax burden to high-value recreational boats while reducing property taxes on cars/trucks, advancing fiscal management.95% confidence

Sub-Topics Fees & Licensing Property Tax Sales Tax

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in committee · Connecticut · House Feb 6, 2026

HB 5068: AN ACT CONCERNING REIMBURSEMENTS TO MUNICIPALITIES FOR REVENUE LOSS ASSOCIATED WITH A VETERANS PROPERTY TAX CREDIT.

HB 5068 requires the state to reimburse municipalities 50% of the revenue they lose when granting veterans a property tax exemption under Section 12-81(83) of state law. This directly affects local governments that administer the veterans property tax credit program, covering the cost of lost property tax revenue. The bill establishes a clear reimbursement mechanism where the state funds half of the revenue shortfall caused by the exemption. It aims to offset the financial burden on municipalities without altering the existing veterans tax credit eligibility or administration rules.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill mandates state reimbursement of 50% revenue loss to municipalities from veterans tax exemptions, directly funding local governments to offset fiscal impact of tax policy, aligning with fiscal responsibility and funding support.85% confidence ✓ VeteransSupports VeteransBill reimburses municipalities 50% for lost revenue from veterans' property tax exemptions, ensuring continued access to tax benefits without local financial burden.95% confidence

Sub-Topics Debt & Bonds Property Tax Tax Incentives Memorials & Recognition Veteran Housing

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in committee · Connecticut · House Mar 18, 2026

HB 5286: AN ACT CONCERNING A MUNICIPAL TAX ABATEMENT FOR SURVIVING DOMESTIC PARTNERS OF POLICE OFFICERS, FIREFIGHTERS AND EMERGENCY MEDICAL TECHNICIANS.

HB 5286 allows municipalities to create property tax abatement programs for surviving domestic partners of police officers, firefighters, and emergency medical technicians who die while on duty. The bill replaces existing law (which only covered surviving spouses) to explicitly include domestic partners, as defined by local ordinance, who own and live in the property as their primary residence. Municipalities would need to adopt specific ordinances to implement this tax relief, effective October 1, 2026. This policy directly affects eligible surviving domestic partners of covered first responders in communities that choose to adopt the program.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax abatement (relief) for specific groups, aligning with tax relief indicators under Budget & Taxes.90% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · Connecticut · House Feb 4, 2026

HB 5009: AN ACT INCREASING AND EXPANDING THE PROPERTY TAX CREDIT AGAINST THE PERSONAL INCOME TAX FOR A PRIMARY RESIDENCE OR MOTOR VEHICLE.

HB 5009 increases Connecticut's property tax credit for primary residences and motor vehicles by raising the maximum credit from $300 to $1,000 annually. It expands eligibility by increasing the income thresholds taxpayers must meet to qualify for the credit, as outlined in Section 12-704c of state law. This bill directly affects Connecticut homeowners and vehicle owners who pay property tax on their primary residence or vehicle and meet the updated income requirements. The key change simplifies access to the credit for more residents by lowering the income barrier while significantly boosting the maximum benefit amount.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases property tax credit from $300 to $1,000 and expands eligibility, providing direct tax relief to homeowners and vehicle owners meeting income thresholds, aligning with tax relief indicators.90% confidence

Sub-Topics Income Tax Property Tax Tax Credits

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in committee · Connecticut · House Feb 9, 2026

HB 5076: AN ACT CONCERNING THE REBASING OF THE EDUCATION COST SHARING GRANT FORMULA FOR PURPOSES OF PROPERTY TAX RELIEF.

HB 5076 increases the state's education cost-sharing grant foundation amount from $11,525 to $18,681 over five years, with annual inflation adjustments. This directly affects school districts and local municipalities by providing more state aid for education funding. The bill allows municipalities to reduce property tax rates by the exact amount of increased state aid they receive, lowering local tax burdens for residents. It aims to directly link higher state education funding to property tax relief without changing overall state education spending.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases state education funding with inflation adjustments, allowing municipalities to reduce property tax rates by the exact amount of increased aid, directly lowering local tax burdens for residents.95% confidence ✓ EducationSupports EducationIncreases state education grants from $11,525 to $18,681 over 5 years with inflation adjustments, directly boosting school funding and enabling property tax relief for residents.95% confidence

Sub-Topics Property Tax School Funding

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in committee · Connecticut · House Feb 4, 2026

HB 5017: AN ACT CONCERNING THE PROPERTY TAX CREDIT AGAINST THE PERSONAL INCOME TAX FOR A PRIMARY RESIDENCE OR MOTOR VEHICLE.

HB 5017 would double Connecticut's property tax credit for primary residences and motor vehicles, making the credit twice as large for eligible residents. It directly affects Connecticut taxpayers who own a primary home or vehicle and pay property taxes. The bill amends Section 12-704c of the tax code to double both the maximum credit amount and the income limits determining eligibility. This change would take effect under current law without creating new programs or altering tax rates.

Topics ✓ Budget & TaxesSupports Budget & TaxesDoubles property tax credit for homeowners/vehicle owners, reducing income tax burden. Direct tax relief aligns with middle-income support indicators in Budget & Taxes policy.95% confidence

Sub-Topics Income Tax Property Tax Tax Credits

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in committee · Connecticut · House Feb 9, 2026

HB 5093: AN ACT CONCERNING THE REBASING OF THE EDUCATION COST SHARING GRANT FORMULA FOR PURPOSES OF PROPERTY TAX RELIEF.

HB 5093 increases the state's base funding for public schools from $11,525 to $18,681 per student over five years, with automatic annual adjustments for inflation. This change directly affects local school districts and municipalities, as it increases state education grants (equalization aid) that school districts receive. The bill allows towns to lower property tax rates by the exact amount of the increased state funding, reducing the tax burden on homeowners. It aims to provide immediate property tax relief by aligning local tax revenue reductions with the new state grant levels. The policy change is triggered solely by the increased state funding, without requiring new local tax revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases state education funding to enable property tax relief for homeowners, directly reducing local tax burdens through higher state aid.95% confidence ✓ EducationSupports EducationIncreases per-student state funding from $11,525 to $18,681 over 5 years with inflation adjustments, directly boosting school district resources and enabling property tax relief.95% confidence

Sub-Topics Property Tax Revenue School Funding

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in committee · Connecticut · House Feb 9, 2026

HB 5077: AN ACT CONCERNING THE REBASING OF THE EDUCATION COST SHARING GRANT FORMULA FOR PURPOSES OF PROPERTY TAX RELIEF.

HB 5077 increases the base state education grant amount (the "foundation") for municipalities over five years, raising it from $11,525 to $18,681 per student. It also requires annual inflation adjustments to this base amount. The bill allows municipalities to lower local property tax rates by the exact amount of increased state equalization aid they receive under this new formula. This directly affects local governments and taxpayers by providing a mechanism to reduce property tax burdens through state funding changes.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases state education grants to allow municipalities to lower property tax rates by the exact amount of increased aid, directly providing tax relief to taxpayers.95% confidence ✓ EducationSupports EducationIncreases state education grant per student from $11,525 to $18,681 over 5 years with inflation adjustments, directly boosting school funding.95% confidence

Sub-Topics Property Tax School Funding

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