Bill Text: CT HB05199 | 2018 | General Assembly | Comm Sub

Connecticut House Bill 5199 (Prior Session Legislation)

Bill Title: An Act Allowing Certain Municipalities To Create Property Tax Relief Programs For Graduates Of Certain Educational Institutions Located In Connecticut.

Spectrum: Committee Bill

Status: (Introduced - Dead) 2018-04-03 - Referred by House to Committee on Planning and Development [HB05199 Detail]

Download: Connecticut-2018-HB05199-Comm_Sub.html

General Assembly		*Substitute Bill No. 5199*
*February Session, 2018*		_____HB05199HSG___031518____

AN ACT ALLOWING CERTAIN MUNICIPALITIES TO CREATE PROPERTY TAX RELIEF PROGRAMS FOR GRADUATES OF CERTAIN EDUCATIONAL INSTITUTIONS LOCATED IN CONNECTICUT.

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

Section 1. (NEW) (Effective July 1, 2018) The legislative body of the eight largest municipalities may establish, by ordinance, a program to provide property tax relief as an incentive for graduates of a public institution of higher education, private university, private college or health care training school in this state, or graduates from a technical high school in this state, to buy a first home in such municipality. The municipality may (1) limit the amount of tax relief provided by such program on an individual basis or in the aggregate, and (2) incentivize such graduates to buy a first home in certain geographical areas of such municipality. The provisions of this section shall not be construed to deny a person any other exemptions from property tax to which such person is entitled to by law. For the purposes of this section, "largest municipality" means a municipality with the highest total population in the state according to the most recent federal decennial census.