General Assembly Substitute Bill No. 5508 February Session, 2014 *_____HB05508PD____032514____* General Assembly Substitute Bill No. 5508 February Session, 2014 *_____HB05508PD____032514____* AN ACT CONCERNING MUNICIPAL ASSESSMENT AND TAXATION OF PROPERTY USED FOR PUBLIC EDUCATIONAL PURPOSES. Be it enacted by the Senate and House of Representatives in General Assembly convened: Section 1. Section 12-81 of the 2014 supplement to the general statutes is amended by adding subdivision (78) as follows (Effective October 1, 2014, and applicable to assessment years commencing on and after said date): (NEW) (78) Any real property, building or structure leased by a public school district and used for public educational purposes. This act shall take effect as follows and shall amend the following sections: Section 1 October 1, 2014, and applicable to assessment years commencing on and after said date 12-81 This act shall take effect as follows and shall amend the following sections: Section 1 October 1, 2014, and applicable to assessment years commencing on and after said date 12-81 PD Joint Favorable Subst. PD Joint Favorable Subst.