The proposed bill, General Assembly Proposed Bill No. 1091, seeks to amend subdivision (19) of section 12-81 of the general statutes to enhance the property tax exemption for veterans and certain military-related individuals. The bill introduces a new provision that allows for a property tax exemption of twenty thousand dollars off the assessed value of properties owned by veterans or military-related individuals, provided that the property is valued at less than seven hundred fifty thousand dollars.

This legislation aims to increase the financial relief available to veterans and military-related individuals by raising the exemption amount while also establishing a cap on the property value eligible for this exemption. The changes reflect a commitment to support those who have served in the military by easing their tax burdens on property ownership.