General Assembly Proposed Bill No. 464 January Session, 2013 LCO No. 1345 Referred to Committee on PLANNING AND DEVELOPMENT Introduced by: SEN. BOUCHER, 26th Dist. General Assembly Proposed Bill No. 464 January Session, 2013 LCO No. 1345 Referred to Committee on PLANNING AND DEVELOPMENT Introduced by: SEN. BOUCHER, 26th Dist. AN ACT CONCERNING LIMITS ON PROPERTY TAX INCREASES. Be it enacted by the Senate and House of Representatives in General Assembly convened: That the general statutes be amended to provide that a municipality may not increase property taxes by more than three per cent annually except by referendum. Statement of Purpose: To require a referendum for any property tax increase above three per cent.