General Assembly Proposed Bill No. 407
January Session, 2011 LCO No. 1219
Referred to Committee on Planning and Development
Introduced by:
SEN. KANE, 32nd Dist.
General Assembly
Proposed Bill No. 407
January Session, 2011
LCO No. 1219
Referred to Committee on Planning and Development
Introduced by:
SEN. KANE, 32nd Dist.
AN ACT CONCERNING TAX ABATEMENTS FOR NEW BUSINESSES OCCUPYING VACANT PROPERTY.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to authorize a municipality to abate real estate taxes or personal property taxes of new start-up businesses that will occupy vacant commercial buildings in such municipality.
Statement of Purpose:
To encourage new commercial uses of vacant properties through tax abatements.