Sec. 12-62g. Increase in certain veteran's exemptions upon revaluation.
Sec. 12-62g. Increase in certain veteran's exemptions upon revaluation. In
conjunction with each municipal revaluation of property in accordance with section 12-62, each municipality shall increase (1) the amount of the exemption granted pursuant
to subdivisions (19), (20), (21), (22), (23), (24), (25) and (26) of section 12-81, and (2)
the amount of the exemption that each municipality may allow pursuant to section 12-81f, for such year and for each subsequent assessment year by multiplying the amount
of exemption in each of said subdivisions by a multiplier determined by dividing the
net taxable grand list for such year of revaluation by the net taxable grand list of the last
year prior to such revaluation.
(P.A. 88-342, S. 3, 4; P.A. 00-229, S. 4, 7; P.A. 02-103, S. 40.)
History: P.A. 88-342, S. 3 effective June 6, 1988, and applicable to assessment years commencing on or after October
1, 1989; (Revisor's note: In 1997 the word "subsections" was replaced editorially by the Revisors with "subdivisions" in
reference to Sec. 12-81 to conform section with Sec. 12-81); P.A. 00-229 provided that the net taxable grand list be used
to make the calculation required under this section, effective June 1, 2000, and applicable to assessment years commencing
on and after October 1, 1998; P.A. 02-103 made technical changes.