Bill Text: CT SB00045 | 2015 | General Assembly | Introduced

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Bill Title: An Act Concerning The Phase-in Of Certain Property Tax Increases.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2015-01-12 - Referred to Joint Committee on Planning and Development [SB00045 Detail]

Download: Connecticut-2015-SB00045-Introduced.html

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General Assembly		Proposed Bill No. 45
January Session, 2015		LCO No. 70
		*00070*
Referred to Committee on PLANNING AND DEVELOPMENT
Introduced by:
SEN. FRANTZ, 36th Dist.

AN ACT CONCERNING THE PHASE-IN OF CERTAIN PROPERTY TAX INCREASES.

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

That the general statutes be amended to require that when a residential building is damaged by natural disaster or fire, any increase in the assessment of the property based upon reconstruction compliant with new standards or building code requirements shall be phased in over a three-year period, with one-third of the increase added to the assessed value each year of the phase-in.

Statement of Purpose:

To prevent the burden of increased property taxes for homeowners who lose their residences through natural disaster or fire and rebuild in accordance with new standards and code requirements.