General Assembly Raised Bill No. 462
February Session, 2016 LCO No. 3264
*03264_______FIN*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
(FIN)
General Assembly
Raised Bill No. 462
February Session, 2016
LCO No. 3264
*03264_______FIN*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
(FIN)
AN ACT CONCERNING A TAX INCENTIVE FOR THE DEVELOPMENT OF VACANT COMMERCIAL AND INDUSTRIAL PROPERTIES.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (Effective October 1, 2016) The Commissioner of Economic and Community Development shall conduct a study concerning incentives for the development of vacant commercial and industrial properties. Not later than January 1, 2017, said commissioner shall report, in accordance with the provisions of section 11-4a of the general statutes, to the joint standing committee of the General Assembly having cognizance of matters relating to finance, revenue and bonding concerning the results of such study and any recommendations for tax incentives to encourage the development of such properties.
This act shall take effect as follows and shall amend the following sections:
Section 1 October 1, 2016 New section
This act shall take effect as follows and shall amend the following sections:
Section 1
October 1, 2016
New section
Statement of Purpose:
To require the Commissioner of Economic and Community Development to conduct a study and report on tax incentives to encourage the development of vacant commercial and industrial properties.
[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]