Connecticut Senate Bill SB01136

Connecticut 2015 Regular Session

• Introduced: 4/16/15
• Refer: 4/16/15

Caption

An Act Concerning Property Tax Reform.

Impact

The implications of SB01136 are significant for municipal governments as they will be required to enter into cooperative agreements to manage property tax assessments more effectively. By establishing a revenue-sharing account, the act seeks to streamline funding and incentivize municipalities to participate in regional efficiency programs. Essentially, this could lead to a decrease in the overall tax burden on vehicle owners in participating regions.

Summary

SB01136, titled 'An Act Concerning Property Tax Reform', proposes several amendments aimed at reforming how property taxes are assessed and collected in the state. Notably, the bill incorporates measures to create efficiencies and reduce costs through regional cooperation among councils of governments. The legislation expects to support municipalities in implementing reduced tax rates on personal property, especially motor vehicles, effectively capping property tax assessments at a mill rate of not more than thirty-five.

Contention

While proponents of SB01136 argue that the legislation promotes fiscal responsibility and regional cooperation, concerns have been raised about its feasibility and the effectiveness of regional councils in handling comprehensive tax reforms. Critics suggest that this approach could limit individual municipalities' flexibility in responding to local fiscal needs and may disproportionately affect areas that are unable to generate sufficient local revenue. As the bill moves forward, discussions around these potential drawbacks will be crucial.