General Assembly Proposed Bill No. 6442
January Session, 2015 LCO No. 1387
*01387*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. CANDELORA, 86th Dist.
General Assembly
Proposed Bill No. 6442
January Session, 2015
LCO No. 1387
*01387*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. CANDELORA, 86th Dist.
AN ACT CONCERNING THE PROPERTY TAX ON REAL PROPERTY ACQUIRED BY NONPROFIT ORGANIZATIONS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to prorate the exemption from the property tax for real property purchased by or otherwise transferred to a nonprofit organization so that such property is fully exempt from the property tax for the first taxable year that it is owned by the nonprofit organization.
Statement of Purpose:
To fully exempt real property acquired by a nonprofit organization from the property tax for the first year of ownership.