General Assembly Proposed Bill No. 5881
January Session, 2015 LCO No. 2085
*02085*
Referred to Committee on PLANNING AND DEVELOPMENT
Introduced by:
REP. BOCCHINO, 150th Dist.
General Assembly
Proposed Bill No. 5881
January Session, 2015
LCO No. 2085
*02085*
Referred to Committee on PLANNING AND DEVELOPMENT
Introduced by:
REP. BOCCHINO, 150th Dist.
AN ACT CONCERNING THE PHASE-IN OF CERTAIN RESIDENTIAL PROPERTY TAX INCREASES.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to require that when a residential building is damaged by natural disaster or fire, any increase in the assessment of the building based on reconstruction compliant with new standards or building code requirements shall be phased in over a three-year period, with one-third of the increase added to the assessed value in each year of the phase-in.
Statement of Purpose:
To phase in any increased property taxes for homeowners who rebuild their residences after a natural disaster or fire in accordance with new standards and building code requirements.