Connecticut 2011 Regular Session

Connecticut House Bill HB05583 Compare Versions

Only one version of the bill is available at this time.
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11 General Assembly Proposed Bill No. 5583
22 January Session, 2011 LCO No. 1661
33 Referred to Committee on Planning and Development
44 Introduced by:
55 REP. MOUKAWSHER, 40th Dist.
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77 General Assembly
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99 Proposed Bill No. 5583
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1111 January Session, 2011
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1313 LCO No. 1661
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1515 Referred to Committee on Planning and Development
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1717 Introduced by:
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1919 REP. MOUKAWSHER, 40th Dist.
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2121 AN ACT CONCERNING A MUNICIPAL RECAPTURE OF ANY SHORTFALL IN THE STATE GRANT IN LIEU OF TAXES FOR MANUFACTURING MACHINERY AND EQUIPMENT.
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2323 Be it enacted by the Senate and House of Representatives in General Assembly convened:
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2525 That chapter 203 of the general statutes be amended to provide that municipalities may recover from owners of manufacturing machinery and equipment that is otherwise exempt from property taxes an amount equal to the difference between the amount of the full reimbursement due to the municipality from the state as a grant in lieu of taxes and the amount of the reimbursement actually received by such municipality.
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2727 Statement of Purpose:
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2929 To make up the difference between the promised state reimbursement to municipalities for tax-exempt machinery and equipment and the actual reimbursement to municipalities for such machinery and equipment.