General Assembly Proposed Bill No. 685
January Session, 2011 LCO No. 1214
Referred to Committee on Planning and Development
Introduced by:
SEN. KELLY, 21st Dist.
General Assembly
Proposed Bill No. 685
January Session, 2011
LCO No. 1214
Referred to Committee on Planning and Development
Introduced by:
SEN. KELLY, 21st Dist.
AN ACT CONCERNING REAL PROPERTY TAX RELIEF FOR ELDERLY HOMEOWNERS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to require the Department of Economic and Community Development to establish a revolving loan fund to provide loans to finance the amount of the real property tax relief benefit made available to elderly homeowners pursuant to section 12-170v of the general statutes until such time as the tax relief benefit is deemed due and payable.
Statement of Purpose:
To eliminate the burden on municipalities to temporarily fund the tax relief benefit made available to elderly homeowners.