| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | General Assembly Proposed Bill No. 456 | |
| 2 | 2 | January Session, 2015 LCO No. 2437 | |
| 3 | 3 | *02437* | |
| 4 | 4 | Referred to Committee on PLANNING AND DEVELOPMENT | |
| 5 | 5 | Introduced by: | |
| 6 | 6 | SEN. FRANTZ, 36th Dist. REP. BOCCHINO, 150th Dist. | |
| 7 | 7 | ||
| 8 | 8 | General Assembly | |
| 9 | 9 | ||
| 10 | 10 | Proposed Bill No. 456 | |
| 11 | 11 | ||
| 12 | 12 | January Session, 2015 | |
| 13 | 13 | ||
| 14 | 14 | LCO No. 2437 | |
| 15 | 15 | ||
| 16 | 16 | *02437* | |
| 17 | 17 | ||
| 18 | 18 | Referred to Committee on PLANNING AND DEVELOPMENT | |
| 19 | 19 | ||
| 20 | 20 | Introduced by: | |
| 21 | 21 | ||
| 22 | 22 | SEN. FRANTZ, 36th Dist. | |
| 23 | 23 | ||
| 24 | 24 | REP. BOCCHINO, 150th Dist. | |
| 25 | 25 | ||
| 26 | 26 | AN ACT ESTABLISHING A FIVE-YEAR PHASE-IN PERIOD FOR PROPERTY TAX INCREASES ASSOCIATED WITH CERTAIN RECONSTRUCTION COSTS. | |
| 27 | 27 | ||
| 28 | 28 | Be it enacted by the Senate and House of Representatives in General Assembly convened: | |
| 29 | 29 | ||
| 30 | 30 | That title 12 of the general statutes be amended to provide that when a residence is damaged by natural disaster and then reconstructed, any increase in the property tax assessment resulting from such reconstruction be phased in over a five-year period, with the first year capped at the predisaster assessed value, and with one-quarter of the increase added to the assessed value over the remaining four years. | |
| 31 | 31 | ||
| 32 | 32 | Statement of Purpose: | |
| 33 | 33 | ||
| 34 | 34 | To protect homeowners suffering damage from natural disasters from being further burdened by taxes. |