Bill Text: CT SB00645 | 2017 | General Assembly | Introduced

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Bill Title: An Act Establishing A Tax Break For Certain Commercial Property Owners.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2017-01-25 - Referred to Joint Committee on Planning and Development [SB00645 Detail]

Download: Connecticut-2017-SB00645-Introduced.html

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General Assembly		Proposed Bill No. 645
January Session, 2017		LCO No. 2700
		*02700*
Referred to Committee on PLANNING AND DEVELOPMENT
Introduced by:
SEN. LINARES, 33rd Dist.

AN ACT ESTABLISHING A TAX BREAK FOR CERTAIN COMMERCIAL PROPERTY OWNERS.

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

That the general statutes be amended to establish a tax break for a commercial property owner based on the vacancy of a commercial space belonging to such property owner, and that such tax break shall be granted to such property owner for a period of two years if such vacant commercial space is leased to a start-up corporation.

Statement of Purpose:

To create an incentive for commercial property owners to lease space to start-up corporations.