Bill Text: CT HB05482 | 2010 | General Assembly | Introduced
Bill Title: An Act Extending The Deadline For Certain Tax Credits And Exemptions.
Spectrum: Moderate Partisan Bill (Democrat 9-1)
Status: (Passed) 2010-06-07 - Signed by the Governor [HB05482 Detail]
Download: Connecticut-2010-HB05482-Introduced.html
General Assembly |
Raised Bill No. 5482 | ||
February Session, 2010 |
LCO No. 2087 | ||
*02087_______FIN* | |||
Referred to Committee on Finance, Revenue and Bonding |
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Introduced by: |
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(FIN) |
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AN ACT EXTENDING THE DEADLINE FOR CERTAIN TAX CREDITS AND EXEMPTIONS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (Effective from passage) Notwithstanding the provisions of subdivisions (59) and (60) of section 12-81 of the general statutes, any person otherwise eligible for a 2007 grand list exemption or a 2008 grand list exemption pursuant to said subdivisions (59) and (60) in the city of Bridgeport, except that such person failed to file the required exemption applications within the time period prescribed, shall be regarded as having filed said applications in a timely manner if such person files said applications not later than thirty days after the effective date of this section and pays the late filing fees pursuant to section 12-81k of the general statutes. Upon confirmation of the receipt of such fees and verification of the exemption eligibility of the real and personal property included in such applications, the assessor shall approve the exemptions for such property. If taxes have been paid on the property for which such exemptions are approved, the city of Bridgeport shall reimburse such person in an amount equal to the amount by which such taxes exceed the taxes payable if the applications had been filed in a timely manner. Notwithstanding the provisions of section 32-9s of the general statutes, the assessor of the city of Bridgeport may submit such approved exemption applications to the Secretary of the Office of Policy and Management together with a request for reimbursement of the tax loss resulting from such exemptions. Subject to the secretary's review and approval of such exemptions, such reimbursement shall be included in the next certification the secretary makes to the Comptroller under the provisions of said section 32-9s.
Sec. 2. (Effective from passage) Notwithstanding the provisions of section 12-89 of the general statutes, any person otherwise eligible for a 2008 grand list exemption and a 2009 grand list exemption, pursuant to subdivision (58) of section 12-81 of the general statutes, in the city of Middletown, except that such person failed to file the required exemption applications within the time periods prescribed, shall be regarded as having filed said applications in a timely manner if such person files said applications not later than thirty days after the effective date of this section. Upon confirmation of the receipt of such applications and verification of the exemption eligibility of the property included in such applications, the assessor shall approve the exemption for such property. If taxes have been paid on the property for which such exemptions are approved, the city of Middletown shall reimburse such person in an amount equal to the amount by which such taxes exceed the taxes payable if the applications had been filed in a timely manner.
Sec. 3. (Effective from passage) Notwithstanding the provisions of subsection (k) of section 12-632 of the general statutes, the Commissioner of Revenue Services shall approve funding under chapter 228a of the general statutes in excess of one hundred fifty thousand dollars for an organization conducting programs that have been approved, pursuant to said section 12-632, by the city of Hartford and the Department of Economic and Community Development for the 2009 income year.
This act shall take effect as follows and shall amend the following sections: | ||
Section 1 |
from passage |
New section |
Sec. 2 |
from passage |
New section |
Sec. 3 |
from passage |
New section |
Statement of Purpose:
To provide an extension of the filing dates for certain property tax exemptions, and provide a one-time exemption, allowing credits in an amount greater than one hundred fifty thousand dollars to be awarded under the Neighborhood Assistance Program.
[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]