General Assembly Raised Bill No. 397
February Session, 2016 LCO No. 2669
*_____SB00397CE____031816____*
Referred to Committee on COMMERCE
Introduced by:
(CE)
General Assembly
Raised Bill No. 397
February Session, 2016
LCO No. 2669
*_____SB00397CE____031816____*
Referred to Committee on COMMERCE
Introduced by:
(CE)
AN ACT CONCERNING A MUNICIPAL OPTION FOR PROPERTY TAX ABATEMENTS FOR ARTS AND CULTURE.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (NEW) (Effective October 1, 2016, and applicable to assessment years commencing on or after October 1, 2016) Any municipality may, by vote of its legislative body or, in a municipality where the legislative body is a town meeting, by vote of the board of selectmen, abate up to one hundred per cent of the property taxes due for any property used for arts or culture, including, but not limited to, art galleries, art studios, installation galleries, movie theaters, performance venues and retailers catering to or relating to the arts.
This act shall take effect as follows and shall amend the following sections:
Section 1 October 1, 2016, and applicable to assessment years commencing on or after October 1, 2016 New section
This act shall take effect as follows and shall amend the following sections:
Section 1
October 1, 2016, and applicable to assessment years commencing on or after October 1, 2016
New section
CE Joint Favorable
CE
Joint Favorable