General Assembly Proposed Bill No. 242
January Session, 2015 LCO No. 972
*00972*
Referred to Committee on PLANNING AND DEVELOPMENT
Introduced by:
SEN. FORMICA, 20th Dist.
General Assembly
Proposed Bill No. 242
January Session, 2015
LCO No. 972
*00972*
Referred to Committee on PLANNING AND DEVELOPMENT
Introduced by:
SEN. FORMICA, 20th Dist.
AN ACT PROVIDING FOR FULL FUNDING OF STATE PAYMENT-IN-LIEU-OF-TAXES PROGRAMS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to reimburse municipalities one hundred per cent of the cost for state-mandated property tax exemptions under payment-in-lieu-of-taxes programs.
Statement of Purpose:
To provide municipalities with full PILOT funding.