Bill Text: CT SB00482 | 2014 | General Assembly | Introduced

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Bill Title: An Act Concerning The Use Of Municipal Tax Liens To Grant Property Tax Relief To Certain Homeowners And Tax Abatements For Nonprofit Organizations.

Spectrum: Committee Bill

Status: (Introduced - Dead) 2014-03-17 - Public Hearing 03/21 [SB00482 Detail]

Download: Connecticut-2014-SB00482-Introduced.html

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General Assembly		Raised Bill No. 482
February Session, 2014		LCO No. 2535
		*02535_______PD_*
Referred to Committee on PLANNING AND DEVELOPMENT
Introduced by:
(PD)

AN ACT CONCERNING THE USE OF MUNICIPAL TAX LIENS TO GRANT PROPERTY TAX RELIEF TO CERTAIN HOMEOWNERS AND TAX ABATEMENTS FOR NONPROFIT ORGANIZATIONS.

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

Section 1. (NEW) (Effective October 1, 2014, and applicable to assessment years commencing on and after said date) Any municipality may, by ordinance, provide property tax relief to elderly and disabled homeowners in exchange for a tax lien on any such homeowner's property. The ordinance shall specify the eligibility criteria for such tax relief, including any documentation required to determine eligibility, and set forth the application process. Any liens placed on the property shall be exempt from the fifteen-year time limit for municipal liens set forth in section 12-175 of the general statutes.

Sec. 2. (NEW) (Effective October 1, 2014, and applicable to assessment years commencing on and after said date) Any municipality may, by ordinance, abate the taxes due for any real or personal property owned by a nonprofit organization, provided the amount of the abatement shall be equal to the value of goods or services provided by such nonprofit organization to the municipality during the preceding fiscal year in the furtherance of such organization's charitable purpose. The ordinance shall specify the eligibility criteria for such tax relief.

This act shall take effect as follows and shall amend the following sections:
Section 1	October 1, 2014, and applicable to assessment years commencing on and after said date	New section
Sec. 2	October 1, 2014, and applicable to assessment years commencing on and after said date	New section

Statement of Purpose:

To authorize municipalities to create property tax relief programs for the elderly and disabled and nonprofit organizations.

[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]