Connecticut House Bill HB05345

Connecticut 2011 Regular Session

• Introduced: 1/19/11
• Refer: 1/19/11

Caption

An Act Concerning Deferred Collection Of Property Taxes Against Real Estate Owned By Senior Citizens.

Impact

If enacted, this bill would directly impact section 12-174 of the general statutes, enhancing provisions for the tax collection process concerning senior citizens. Municipalities would have the authority to approve deferral requests and would also have the ability to file a lien and certificate to secure payment for any unpaid taxes, including interest. This change empowers municipalities while ensuring that seniors still have a method to retain their properties during financially challenging times. As a result, the legislation seeks to balance the needs of local governance with the welfare of senior residents.

Summary

House Bill HB05345 proposes a significant amendment to the state's property tax regulations, specifically focusing on providing relief to senior citizens who own real estate. This bill allows individuals aged seventy years or older the option to request a deferral on the collection of property taxes levied against their properties. The aim is to alleviate the financial burden of property taxes on seniors, facilitating a more manageable economic environment for this demographic as they age. By granting this option, the bill acknowledges the unique financial challenges that come with fixed or declining incomes in retirement.

Contention

The proposed legislation may provoke discussions regarding the implications for municipal finances and the potential for inequitable tax burdens across different communities. Similarly, concerns about the management of deferred tax payments and the impact of accruing interest on seniors’ long-term financial health are likely to be raised. Critics may argue that while the intention is to provide relief, the mechanics of implementing such deferrals could complicate local tax collection processes, thereby leading to fiscal strain on municipalities that may have to manage these deferred taxes over time.