Bill Text: CT SB00462 | 2016 | General Assembly | Comm Sub

Connecticut Senate Bill 462 (Prior Session Legislation)

Bill Title: An Act Concerning A Tax Incentive For The Development Of Vacant Commercial And Industrial Properties.

Spectrum: Committee Bill

Status: (Introduced - Dead) 2016-05-03 - Senate Recommitted to Finance, Revenue and Bonding [SB00462 Detail]

Download: Connecticut-2016-SB00462-Comm_Sub.html


General Assembly		*Raised Bill No. 462*
*February Session, 2016*		LCO No. 3264
		_____SB00462FIN___040616____
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
(FIN)

AN ACT CONCERNING A TAX INCENTIVE FOR THE DEVELOPMENT OF VACANT COMMERCIAL AND INDUSTRIAL PROPERTIES.

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

Section 1. (Effective October 1, 2016) The Commissioner of Economic and Community Development shall conduct a study concerning incentives for the development of vacant commercial and industrial properties. Not later than January 1, 2017, said commissioner shall report, in accordance with the provisions of section 11-4a of the general statutes, to the joint standing committee of the General Assembly having cognizance of matters relating to finance, revenue and bonding concerning the results of such study and any recommendations for tax incentives to encourage the development of such properties.