The bill, Substitute House Bill No. 5405, introduced as File No. 144, proposes the establishment of a task force to study the provision of additional property tax exemptions for veterans as defined in section 27-103 of the general statutes. The task force will consist of members appointed by various legislative leaders and will include the Commissioner of Veterans Affairs or their designee, the Adjutant General or their designee, and the Secretary of the Office of Policy and Management or their designee. The task force will also be open to members of the General Assembly. Appointments to the task force must be made within thirty days of the bill's effective date, and the task force is required to hold its first meeting within sixty days of the effective date. The administrative staff of the joint standing committee of the General Assembly with cognizance over military and veterans' affairs will serve as the administrative staff of the task force.

The task force is directed to submit a report on its findings and recommendations to the joint standing committee of the General Assembly by January 1, 2025. The task force will terminate upon submission of the report or on January 1, 2025, whichever is later. The bill specifies that there is no fiscal impact to the state or municipalities for establishing this task force, as the members are expected to have expertise in the subject area. The bill is effective from passage and amends a new section. The Office of Legislative Research notes that it does not analyze Special Acts, and the Veterans' and Military Affairs Committee has given a Joint Favorable Substitute recommendation for the bill.