CT
Connecticut House Bill HB05332

Connecticut 2011 Regular Session

Connecticut House Bill HB05332 Compare Versions

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1-General Assembly Substitute Bill No. 5332
2-January Session, 2011 *_____HB05332PD____031111____*
1+General Assembly Committee Bill No. 5332
2+January Session, 2011 LCO No. 3639
3+ *03639HB05332PD_*
4+Referred to Committee on Planning and Development
5+Introduced by:
6+(PD)
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48 General Assembly
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6-Substitute Bill No. 5332
10+Committee Bill No. 5332
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812 January Session, 2011
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10-*_____HB05332PD____031111____*
14+LCO No. 3639
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12-AN ACT REQUIRING A STUDY OF WAYS IN WHICH MUNICIPALITIES MAY PROVIDE PROPERTY TAX RELIEF.
16+*03639HB05332PD_*
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18+Referred to Committee on Planning and Development
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20+Introduced by:
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22+(PD)
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24+AN ACT REQUIRING MUNICIPALITIES THAT REGIONALIZE TO PROVIDE PROPERTY TAX RELIEF.
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1426 Be it enacted by the Senate and House of Representatives in General Assembly convened:
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16-Section 1. (Effective from passage) On or before February 1, 2012, the Legislative Program Review and Investigations Committee shall submit to the joint standing committee of the General Assembly having cognizance of matters relating to municipalities a study of ways in which municipalities may provide property tax relief. Such study shall include, without limitation, an analysis of (1) how regionalism efforts may be used to reduce property taxes, and (2) alternative revenue sources for municipalities.
28+Section 1. (NEW) (Effective July 1, 2011) (a) For purposes of this section:
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30+(1) "Municipality" means any town, city or borough, consolidated town and city or consolidated town and borough;
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32+(2) "Agreement" means an interlocal agreement pursuant to sections 7-339a to 7-339l, inclusive, of the general statutes or any other agreement between two or more municipalities for the purpose of providing a municipal service;
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34+(3) "Significant savings" is an amount equal to or greater than five million dollars; and
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36+(4) "Eligible property owner" means the owner-occupant of any single-family residential property.
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38+(b) For fiscal years commencing on or after July 1, 2011, each municipality shall determine whether it realized a significant savings in the previous fiscal year as a result of entering into one or more agreements. To calculate such savings, a municipality shall, for each agreement, subtract the amount such municipality paid for a municipal service under the agreement from the amount the municipality would have paid for such service but for the agreement.
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40+(c) For assessment years commencing on or after October 1, 2011, any municipality that realized a significant savings in the previous fiscal year as a result of entering into one or more agreements shall return half of any amount realized in excess of ten million dollars to eligible property owners who reside within such municipality in the form of a property tax credit to be applied on a pro rata basis.
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2145 This act shall take effect as follows and shall amend the following sections:
22-Section 1 from passage New section
46+Section 1 July 1, 2011 New section
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2448 This act shall take effect as follows and shall amend the following sections:
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2650 Section 1
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28-from passage
52+July 1, 2011
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3054 New section
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56+Statement of Purpose:
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58+To provide property tax relief to residents of municipalities that realize substantial savings as a result of regionalism efforts.
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60+[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.]
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34-PD Joint Favorable Subst.
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36-PD
64+Co-Sponsors: REP. GROGINS, 129th Dist.; REP. O'BRIEN E., 61st Dist.
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38-Joint Favorable Subst.
66+Co-Sponsors:
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68+REP. GROGINS, 129th Dist.; REP. O'BRIEN E., 61st Dist.
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70+H.B. 5332