General Assembly Proposed Bill No. 5338
January Session, 2011 LCO No. 680
Referred to Committee on Planning and Development
Introduced by:
REP. GROGINS, 129th Dist. SEN. MUSTO, 22nd Dist. (By Request)
General Assembly
Proposed Bill No. 5338
January Session, 2011
LCO No. 680
Referred to Committee on Planning and Development
Introduced by:
REP. GROGINS, 129th Dist.
SEN. MUSTO, 22nd Dist.
(By Request)
AN ACT CONCERNING INCENTIVES FOR MUNICIPAL REVENUE SHARING.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to provide that when a municipality on the list of municipalities with fiscal disparities enters into an agreement with any other municipality in its region to share revenues pursuant to section 7-148bb of the general statutes, the municipality in the region may establish a mill rate on nonresidential real property up to the mill rate of the municipality on the list.
Statement of Purpose:
To allow municipalities to partner with financially struggling cities to reduce the tax burden on their respective homeowners.