Bill Text: CT HB05199 | 2014 | General Assembly | Introduced

Connecticut House Bill 5199 (Prior Session Legislation)

Introduced

Bill Title: An Act Concerning Payments In Lieu Of Taxes (pilot) Programs.

Spectrum: Partisan Bill (Democrat 8-0)

Status: (Introduced - Dead) 2014-02-18 - Referred to Joint Committee on Finance, Revenue and Bonding [HB05199 Detail]

Download: Connecticut-2014-HB05199-Introduced.html


General Assembly	*Proposed Bill No. 5199*
*February Session, 2014*	LCO No. 771

Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. LEMAR, 96^th Dist. REP. HOLDER-WINFIELD, 94^th Dist. REP. WALKER, 93^rd Dist. REP. MEGNA, 97^th Dist.		REP. CANDELARIA, 95^th Dist. REP. DILLON, 92^nd Dist. SEN. LOONEY, 11^th Dist.

AN ACT CONCERNING PAYMENTS IN LIEU OF TAXES (PILOT) PROGRAMS.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That the state grant programs that provide payments in lieu of taxes be fully funded to compensate municipalities for the lost revenue due to state-mandated property tax exemptions.

Statement of Purpose:

To compensate municipalities for lost revenue due to state-mandated property tax exemptions in order to prevent a shifting of the tax burden to residents.