General Assembly Substitute Bill No. 305
February Session, 2010 *_____SB00305FIN___042010____*
General Assembly
Substitute Bill No. 305
February Session, 2010
*_____SB00305FIN___042010____*
AN ACT ESTABLISHING AN OPTIONAL MUNICIPAL PROPERTY TAX RELIEF PROGRAM FOR PROPERTY OWNERS WHO PRESERVE AND MAINTAIN STONE WALLS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (NEW) (Effective October 1, 2010) (a) Any municipality may, by vote of its legislative body, provide property tax relief to residents of such municipality who preserve and maintain stone walls on property owned by such residents, if such stone wall preservation and maintenance meets requirements established by such municipality pursuant to subsection (b) of this section. No such property tax relief, together with any relief received by any such resident under any provision of the general statutes shall exceed, in the aggregate, the total amount of the tax which would, except for such other provisions and the provisions of this section, be laid against the taxpayer.
(b) Prior to initial approval by the legislative body of such municipality of a plan of property tax relief pursuant to this section, the executive authority of such municipality shall appoint a committee consisting of not less than five resident taxpayers of such municipality, which shall undertake and complete within a period not in excess of sixty days following such appointment, a study and investigation with respect to such property tax relief and, on the basis thereof, prepare a report to be presented to the legislative body of such municipality. Such report shall include the following: (1) The fiscal effect of such property tax relief on property tax revenue for such municipality; and (2) recommendations with respect to the form and extent of such property tax relief. After the initial approval of such property tax relief by the legislative body of such municipality, such plan may be amended from time to time by vote of its legislative body without compliance with the requirements of this subsection applicable to such initial approval.
(c) Any such property tax relief granted to any such resident in accordance with the provisions of this section shall not disqualify such resident with respect to any benefits for which such resident shall be eligible under the provisions of the general statutes and any such property tax relief provided under this section shall be in addition to any such benefits for which such resident shall be eligible under any provision of the general statutes.
(d) The property tax relief provided for in this section may, in any case where title to real property is recorded in the name of the taxpayer or his or her spouse and any other person or persons, be prorated to reflect the fractional share of such taxpayer or spouse or, if such property is a multiple-family dwelling, such relief may be prorated to reflect the fractional portion of such property occupied by the taxpayer.
This act shall take effect as follows and shall amend the following sections:
Section 1 October 1, 2010 New section
This act shall take effect as follows and shall amend the following sections:
Section 1
October 1, 2010
New section
PD Joint Favorable Subst.
FIN Joint Favorable
PD
Joint Favorable Subst.
FIN
Joint Favorable