Connecticut 2017 Regular Session

Connecticut House Bill HB05154

Introduced
1/4/17  

Caption

An Act Exempting Leased Municipal Property From Taxation.

Impact

If enacted, this bill would amend section 12-81 of the general statutes, which governs property tax exemptions for municipal properties. By including leased properties used for public purposes in the exemption, the legislation aims to encourage more municipalities to utilize leased properties for essential services. This change could potentially reshape the landscape of municipal finance, providing more flexibility for local governments to allocate funds to other pressing needs or improvements, thereby benefiting community welfare and development.

Summary

House Bill 05154 focuses on expanding the existing local property tax exemptions for municipalities. Specifically, the bill proposes to exempt real and personal property that is leased to a municipality from local property taxation, provided that such property is used for public purposes within the municipality. This legislation is particularly significant as it aims to relieve financial burdens on municipalities and enhance their service delivery capabilities by allowing them to expand their operational resources without incurring additional taxation costs.

Contention

While the bill appears beneficial for municipalities, there may be some contention surrounding its implications on revenue generation for local governments. Critics may argue that exempting leased properties from taxation could result in decreased revenue streams, which could adversely affect local services and programs, especially in communities already facing budget constraints. On the other hand, proponents might contend that the long-term benefits of enhanced municipal capabilities and service levels will outweigh the short-term fiscal impacts.

Companion Bills

No companion bills found.

Previously Filed As

CT HB05477

An Act Concerning Penalties For Blight Upon Real Property, Municipal Agreements To Fix Assessments And A Personal Property Tax Exemption.

CT HB05172

An Act Concerning The Assessment Of Motor Vehicles For Property Taxation.

CT SB00450

An Act Phasing In The Exemption Of Motor Vehicles From Property Tax And Increases In The Uniform Property Assessment Rate.

CT HB05516

An Act Concerning A Municipal Option For A Homestead Property Tax Exemption.

CT SB00447

An Act Concerning The Failure To File For Certain Grand List Exemptions And Authorizing The Deferral Of A Certain Municipality's Real Property Revaluation.

CT HB05276

An Act Eliminating Tax Exemptions For Certain Real Property Acquired By Independent Institutions Of Higher Education.

CT SB00501

An Act Concerning Motor Vehicle Assessments For Property Taxation, Innovation Banks, The Interest On Certain Tax Underpayments, The Assessment On Insurers, School Building Projects, The South Central Connecticut Regional Water Authority Charter And Certain State Historic Preservation Officer Procedures.

CT HB05478

An Act Concerning The Land Value Taxation Pilot Program.

CT HB05474

An Act Concerning Municipal Approvals For Housing Development, Fines For Violations Of Local Ordinances, Regulation Of Short-term Rentals, Rental Assistance Program Administration, Notices Of Rent Increases And The Housing Environmental Improvement Revolving Loan And Grant Fund.

CT HB05492

An Act Establishing A Farm Investment Tax Credit And Concerning The Threshold For Certain Optional Farm-related Property Tax Exemptions.

Similar Bills

No similar bills found.