Raised Bill No. 345, introduced in the February Session, 2024, proposes amendments to the wartime service property tax exemption for veterans. The bill seeks to modify the definition of the period of the Korean conflict within the context of the property tax exemption. The existing legal language in section 12-81(19) of the 2024 supplement to the general statutes is to be repealed and replaced with new provisions that redefine the period of the Korean conflict as beginning on June 27, 1950, and ending on December 31, 1957. This change aims to expand the eligibility for the property tax exemption to more veterans by extending the recognized end date of the Korean conflict.

The bill also makes adjustments to the language regarding the definition of a "veteran" and "armed forces," aligning them with the meanings provided in section 27-103. The insertion clarifies that "service in time of war" includes the newly defined period for the Korean conflict. The act is set to be effective from October 1, 2024, and will apply to assessment years commencing on or after that date. The purpose of the bill is to allow more veterans to qualify for the wartime service property tax exemption by updating the period of the Korean conflict.