Connecticut 2011 Regular Session

Connecticut House Bill HB05598 Compare Versions

Only one version of the bill is available at this time.
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11 General Assembly Proposed Bill No. 5598
22 January Session, 2011 LCO No. 1671
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. 5598
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1111 January Session, 2011
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1313 LCO No. 1671
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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 THE PROGRAM OF REIMBURSEMENT TO MUNICIPALITIES 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 the general statutes be amended to authorize municipalities to collect in property taxes from owners of manufacturing machinery and equipment that is purchased after July 1, 2011, and is otherwise exempt from property taxes an amount equal to the difference between the actual per cent of reimbursement as a state payment in lieu of taxes and the full amount of the property tax that would have been due if not for the exemption.
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2727 Statement of Purpose:
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2929 To make up the difference between the promised reimbursement to municipalities for exempt manufacturing machinery and equipment and the actual property tax due to municipalities for such exempt equipment.