General Assembly Raised Bill No. 973
January Session, 2013 LCO No. 3643
*03643_______FIN*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
(FIN)
General Assembly
Raised Bill No. 973
January Session, 2013
LCO No. 3643
*03643_______FIN*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
(FIN)
AN ACT CONCERNING GRANTS IN LIEU OF TAXES FOR LEDYARD AND MONTVILLE.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. Subsection (h) of section 12-62 of the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2013, and applicable to assessment years commencing on or after October 1, 2013):
(h) This section shall [not] require the revaluation of real property (1) designated within the 1983 Settlement boundary and taken into trust by the federal government for the Mashantucket Pequot Tribal Nation before June 8, 1999, or (2) taken into trust by the federal government for the Mohegan Tribe of Indians of Connecticut.
This act shall take effect as follows and shall amend the following sections:
Section 1 July 1, 2013, and applicable to assessment years commencing on or after October 1, 2013 12-62(h)
This act shall take effect as follows and shall amend the following sections:
Section 1
July 1, 2013, and applicable to assessment years commencing on or after October 1, 2013
12-62(h)
Statement of Purpose:
To ensure that the state reimbursement to Ledyard and Montville is based on values determined by the towns' most recent revaluations. Public act 12-1 of the June 12 special session added the land taken into trust by the Mashantucket Pequot and the Mohegan Sun Tribes to properties eligible for the state PILOT program under section 12-19a of the general statutes.
[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]