General Assembly Proposed Bill No. 5186
February Session, 2014 LCO No. 800
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. BUCK-TAYLOR, 67th Dist.
General Assembly
Proposed Bill No. 5186
February Session, 2014
LCO No. 800
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. BUCK-TAYLOR, 67th Dist.
AN ACT CONCERNING THE ALLOCATION OF THE REAL ESTATE CONVEYANCE TAX.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That section 12-494 of the general statutes be amended to reduce the state portion from three-fourths of one per cent to one-half of one per cent, and increase the local portion from one-fourth of one per cent to one-half of one per cent.
Statement of Purpose:
To modify the allocation of revenues raised by the real estate conveyance tax between towns and the state.