Connecticut House Bill HB05554

Connecticut 2011 Regular Session

• Introduced: 1/20/11
• Refer: 1/20/11

Caption

An Act Concerning A Limit On Any Increases In Municipal Property Taxes.

Impact

If enacted, HB 05554 would directly affect Title 12 of the general statutes, which pertains to taxation in the state. With this amendment, local governments would be required to adhere to new limits on property tax increases, which may encourage them to seek alternative revenue sources or to become more efficient in their budgeting practices. The potential for such change aims to provide a more stable financial environment for property owners and residents.

Summary

House Bill 05554 aims to establish restrictions on the amount by which municipalities can increase their property taxes on both real and personal property. The primary intention behind this legislation is to alleviate the financial burden placed on taxpayers by controlling and limiting the growth of property taxes. By setting these limits, the bill seeks to ensure that residents are not subject to unpredictable and potentially burdensome tax hikes from local governments.

Contention

The bill may encounter varying opinions among legislators, particularly regarding local government autonomy. Proponents of HB 05554 argue that capping property tax increases will provide necessary relief to taxpayers suffering under high tax burdens. Conversely, opponents may raise concerns that such limitations could restrict the financial capabilities of municipalities to fund essential services. This tension between taxpayer relief and local government flexibility could lead to significant debate as the bill progresses through the legislative process.