General Assembly

  

Proposed Bill No. 261

 

January Session, 2011

  

LCO No. 1682

   

Referred to Committee on Finance, Revenue and Bonding

 

Introduced by:

  

SEN. MCKINNEY, 28th Dist.

SEN. FASANO, 34th Dist.

  

AN ACT CONCERNING A CAP ON PROPERTY TAX INCREASES.

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

That the general statutes be amended to create a cap on the amount that property taxes may be increased in any given year. Such cap could be exceeded upon the affirmative vote of two-thirds of the members of the local legislative body or by referendum.

Statement of Purpose:

To limit increases in property taxes.