Bill Text: CT SB00693 | 2013 | General Assembly | Comm Sub
Bill Title: An Act Concerning Property Tax Relief For Businesses Affected By Major Construction Activities.
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2013-04-04 - Favorable Change of Reference, House to Committee on Finance, Revenue and Bonding [SB00693 Detail]
Download: Connecticut-2013-SB00693-Comm_Sub.html
General Assembly |
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January Session, 2013 |
*_____SB00693PD_FIN040213____* |
AN ACT CONCERNING PROPERTY TAX RELIEF FOR BUSINESSES AFFECTED BY MAJOR CONSTRUCTION ACTIVITIES.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (NEW) (Effective October 1, 2013) (a) For purposes of this section, "major construction activity" means any sewer project, water supply system improvement, construction or repair project or road improvement, construction or repair project that is likely to interrupt the normal operation of one or more businesses for six consecutive months or longer, and "business" means any individual or sole proprietorship, partnership, firm, corporation, trust, limited liability company, limited liability partnership, joint stock company, joint venture, association or other legal entity through which business for profit is conducted.
(b) Whenever a state agency or municipality undertakes a major construction activity, the municipality shall abate the real and personal property tax liability of any business that will experience an interruption in its normal operations for a period of six consecutive months or longer as a result of such major construction activity. Such property tax abatement shall be calculated on a pro rata basis based on the term of the major construction activity and applied proportionately to the property tax levy for the assessment year or years in which the major construction activity occurs.
(c) (1) Whenever any state agency undertakes a major construction activity, the state shall reimburse a municipality, in the form of a state grant in lieu of taxes, in an amount equal to any real or personal property tax abatement allowed pursuant to this section by a municipality for any business that will experience an interruption in its normal operations for a period of six consecutive months or longer as a result of such major construction activity. The amount of the grant payable to each municipality in any year in accordance with this subsection shall be reduced proportionately in the event that the total of such grants in such year exceeds the amount appropriated for the purposes of this section with respect to such year.
(2) Any state agency undertaking a major construction activity shall promptly notify the Secretary of the Office of Policy and Management upon receiving notice of a final approval of such major construction activity and shall provide said secretary with sufficient information to allow said secretary to provide notice to a municipality in accordance with subdivision (3) of this subsection.
(3) The Secretary of the Office of Policy and Management shall, not later than sixty days after receiving notice of a final approval of a major construction activity from a state agency, notify the assessor of a municipality of the businesses that will be affected by such major construction activity and the projected term of such major construction activity. Not later than sixty days after receiving such notice, any municipality to which a grant is payable under the provisions of this subsection shall provide said secretary with the assessed valuation of the affected real and personal property as of the immediately preceding October first, adjusted in accordance with any gradual increase or in deferment of assessed values of real property implemented in accordance with section 12-62c of the general statutes, that is required for computation of such a grant. Said secretary may reevaluate any such property when, in his or her judgment, the valuation is inaccurate and shall notify such municipality of such reevaluation. Any municipality aggrieved by the action of said secretary under the provisions of this section may, not later than ten business days following receipt of such notice, appeal to the secretary for a hearing concerning such reevaluation, provided such appeal shall be in writing and shall include a statement as to the reasons for such appeal. The secretary shall, not later than ten business days following receipt of such appeal, grant or deny such hearing by notification in writing, including in the event of a denial, a statement as to the reasons for such denial. If any municipality is aggrieved by the action of the secretary following such hearing or in denying any such hearing, the municipality may, not later than two weeks after such notice, appeal to the superior court for the judicial district in which the municipality is located. Any such appeal shall be privileged. Said secretary shall certify to the Comptroller the amount due each municipality under the provisions of this section, or under any recomputation occurring that may be effected as the result of the provisions of this section, and the Comptroller shall draw his or her order on the Treasurer on or before the fifth business day after receiving such certification and the Treasurer shall pay the amount thereof to such municipality on or before the fifteenth day following.
This act shall take effect as follows and shall amend the following sections: | ||
Section 1 |
October 1, 2013 |
New section |
PD |
Joint Favorable Subst. C/R |
FIN |