Bill Text: CT HB05718 | 2013 | General Assembly | Comm Sub
Bill Title: An Act Concerning Municipal Authority To Provide Tax Abatements To Encourage Residential Development And Establishing The Rentschler Field Improvement District In The Town Of East Hartford.
Spectrum: Moderate Partisan Bill (Democrat 15-1-1)
Status: (Passed) 2013-07-02 - Signed by the Governor [HB05718 Detail]
Download: Connecticut-2013-HB05718-Comm_Sub.html
General Assembly |
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January Session, 2013 |
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AN ACT CONCERNING MUNICIPAL AUTHORITY TO PROVIDE TAX ABATEMENTS TO ENCOURAGE RESIDENTIAL DEVELOPMENT.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. Section 12-65b of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2013):
(a) Any municipality may, by affirmative vote of its legislative body, enter into a written agreement with any party owning or proposing to acquire an interest in real property in such municipality, or with any party owning or proposing to acquire an interest in air space in such municipality, or with any party who is the lessee of, or who proposes to be the lessee of, air space in such municipality in such a manner that the air space leased or proposed to be leased shall be assessed to the lessee pursuant to section 12-64, fixing the assessment of the real property or air space which is the subject of the agreement, and all improvements thereon or therein and to be constructed thereon or therein, subject to the provisions of subsection (b) of this section, (1) for a period of not more than seven years, provided the cost of such improvements to be constructed is not less than three million dollars, (2) for a period of not more than two years, provided the cost of such improvements to be constructed is not less than five hundred thousand dollars, or (3) to the extent of not more than fifty per cent of such increased assessment, for a period of not more than three years, provided the cost of such improvements to be constructed is not less than [twenty-five] ten thousand dollars.
(b) The provisions of subsection (a) of this section shall only apply if the improvements are for at least one of the following: (1) Office use; (2) retail use; (3) permanent residential use; (4) transient residential use; (5) manufacturing use; (6) warehouse, storage or distribution use; (7) structured multilevel parking use necessary in connection with a mass transit system; (8) information technology; (9) recreation facilities; [or] (10) transportation facilities; or (11) mixed-use development, as defined in section 8-13m.
Sec. 2. Section 12-65c of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2013):
As used in sections 12-65c to 12-65f, inclusive:
(a) "Rehabilitation area" means any municipality, or a part thereof, [which is] that contains one or more properties that are deteriorated, deteriorating, substandard or detrimental to the safety, health, welfare or general economic well-being of the community;
(b) "Rehabilitation" means the improvement or repair of a structure or facilities appurtenant thereto, exclusive of general maintenance or minor repairs.
This act shall take effect as follows and shall amend the following sections: | ||
Section 1 |
October 1, 2013 |
12-65b |
Sec. 2 |
October 1, 2013 |
12-65c |
PD |
Joint Favorable Subst. |
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FIN |
Joint Favorable |