General Assembly Substitute Bill No. 5102
January Session, 2013 *_____HB05102FIN___050113____*
General Assembly
Substitute Bill No. 5102
January Session, 2013
*_____HB05102FIN___050113____*
AN ACT PROVIDING AN EXEMPTION FROM PROPERTY TAX FOR MOTOR VEHICLES.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. Section 12-81 of the general statutes is amended by adding subdivision (78) as follows (Effective October 1, 2013):
(NEW) (78) (A) On and after July 1, 2019, an eligible vehicle belonging to any person who is an owner or a lessee of such eligible vehicle, provided this exemption shall apply to the net assessed value of such eligible vehicle up to a maximum value of twenty thousand dollars;
(B) For purposes of this subdivision, "eligible vehicle" means a car, light duty truck, pick-up truck or motorcycle identified on a list the Commissioner of Motor Vehicles provides to the assessor of each town pursuant to section 14-163; "lessee" means a person who leases an eligible vehicle for a period of not less than one year, from a lessor who is a licensee under section 14-15, pursuant to a written lease agreement that assigns responsibility for the payment of any property tax for the eligible vehicle to such lessee, regardless of whether a charge for such tax is separately stated in said agreement or on a bill or invoice that may be rendered to the lessee by either a taxing jurisdiction or the lessor; "net assessed value" means the valuation of an eligible vehicle for purposes of assessment, less the total of all property tax exemptions for which the owner of such eligible vehicle qualifies; and "person" means a natural person.
This act shall take effect as follows and shall amend the following sections:
Section 1 October 1, 2013 12-81
This act shall take effect as follows and shall amend the following sections:
Section 1
October 1, 2013
12-81
FIN Joint Favorable Subst.
FIN
Joint Favorable Subst.