Bill Text: CT HB05583 | 2011 | General Assembly | Introduced
Bill Title: An Act Concerning A Municipal Recapture Of Any Shortfall In The State Grant In Lieu Of Taxes For Manufacturing Machinery And Equipment.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2011-01-20 - Referred to Joint Committee on Planning and Development [HB05583 Detail]
Download: Connecticut-2011-HB05583-Introduced.html
General Assembly |
Proposed Bill No. 5583 |
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January Session, 2011 |
LCO No. 1661 | ||||
Referred to Committee on Planning and Development |
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Introduced by: |
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REP. MOUKAWSHER, 40th Dist. |
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AN ACT CONCERNING A MUNICIPAL RECAPTURE OF ANY SHORTFALL IN THE STATE GRANT IN LIEU OF TAXES FOR MANUFACTURING MACHINERY AND EQUIPMENT.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That chapter 203 of the general statutes be amended to provide that municipalities may recover from owners of manufacturing machinery and equipment that is otherwise exempt from property taxes an amount equal to the difference between the amount of the full reimbursement due to the municipality from the state as a grant in lieu of taxes and the amount of the reimbursement actually received by such municipality.
Statement of Purpose:
To make up the difference between the promised state reimbursement to municipalities for tax-exempt machinery and equipment and the actual reimbursement to municipalities for such machinery and equipment.