Bill Text: CT SB00397 | 2016 | General Assembly | Comm Sub
Bill Title: An Act Concerning A Municipal Option For Property Tax Abatements For Arts And Culture.
Spectrum: Committee Bill
Status: (Vetoed) 2016-06-20 - Immediate Transmittal to the House [SB00397 Detail]
Download: Connecticut-2016-SB00397-Comm_Sub.html
General Assembly |
Raised Bill No. 397 | ||
February Session, 2016 |
LCO No. 2669 | ||
*_____SB00397CE____031816____* | |||
Referred to Committee on COMMERCE |
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Introduced by: |
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(CE) |
AN ACT CONCERNING A MUNICIPAL OPTION FOR PROPERTY TAX ABATEMENTS FOR ARTS AND CULTURE.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (NEW) (Effective October 1, 2016, and applicable to assessment years commencing on or after October 1, 2016) Any municipality may, by vote of its legislative body or, in a municipality where the legislative body is a town meeting, by vote of the board of selectmen, abate up to one hundred per cent of the property taxes due for any property used for arts or culture, including, but not limited to, art galleries, art studios, installation galleries, movie theaters, performance venues and retailers catering to or relating to the arts.
This act shall take effect as follows and shall amend the following sections: | ||
Section 1 |
October 1, 2016, and applicable to assessment years commencing on or after October 1, 2016 |
New section |
CE |
Joint Favorable |