Bill Text: CT SB00407 | 2011 | General Assembly | Introduced

Connecticut Senate Bill 407 (Prior Session Legislation)

Introduced

Bill Title: An Act Concerning Tax Abatements For New Businesses Occupying Vacant Property.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2011-01-20 - Referred to Joint Committee on Planning and Development [SB00407 Detail]

Download: Connecticut-2011-SB00407-Introduced.html


General Assembly		*Proposed Bill No. 407*
*January Session, 2011*		LCO No. 1219

Referred to Committee on Planning and Development
Introduced by:
SEN. KANE, 32nd Dist.

AN ACT CONCERNING TAX ABATEMENTS FOR NEW BUSINESSES OCCUPYING VACANT PROPERTY.

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

That the general statutes be amended to authorize a municipality to abate real estate taxes or personal property taxes of new start-up businesses that will occupy vacant commercial buildings in such municipality.

Statement of Purpose:

To encourage new commercial uses of vacant properties through tax abatements.