Connecticut Senate Bill SB00092

Connecticut 2015 Regular Session

• Introduced: 1/16/15
• Refer: 1/16/15

Caption

An Act Requiring A Study Of Whether A State-wide Mill Rate For Property Owned By Public Service Companies May Help Reduce Customer Rates.

Impact

If passed, the study mandated by SB00092 could impact how property taxes are structured for public service companies within the state. It suggests a shift toward a more uniform taxation model that could streamline the tax obligations of these companies, potentially leading to benefits for consumers in the form of lower utility rates. The expectations are that a systematic review might yield analytical data to justify any changes to current tax structures.

Summary

SB00092 is a proposed legislative bill aimed at requiring a comprehensive study regarding the potential implementation of a state-wide mill rate for property taxes levied on public service companies. The proposed legislation seeks to investigate whether this approach could ultimately help in lowering utility rates for consumers across the state. The bill is introduced by Senator Witkos and is currently referred to the Committee on Energy and Technology.

Contention

While the bill's intent is to derive possible benefits for consumers, it may generate discussions around the implications of altering taxation for public service companies. Notable points of contention could arise concerning the fairness of imposing a state-wide mill rate and its financial ramifications on public service companies. Critics may argue that such a uniform rate could disproportionately benefit larger companies while undermining specific local needs and revenues traditionally necessary for municipal operations through local taxation.