General Assembly Proposed Bill No. 6926
January Session, 2017 LCO No. 2647
*02647*
Referred to Committee on PLANNING AND DEVELOPMENT
Introduced by:
REP. ORANGE, 48th Dist. REP. RYAN, 139th Dist. REP. GRESKO, 121st Dist.
General Assembly
Proposed Bill No. 6926
January Session, 2017
LCO No. 2647
*02647*
Referred to Committee on PLANNING AND DEVELOPMENT
Introduced by:
REP. ORANGE, 48th Dist.
REP. RYAN, 139th Dist.
REP. GRESKO, 121st Dist.
AN ACT PERMITTING MUNICIPALITIES TO IMPOSE A BUYER'S FEE ON THE CONVEYANCE OF REAL PROPERTY.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to permit a municipality to (1) impose a buyer's fee on the conveyance of real property occurring on or after July 1, 2017, at the rate of not more than one per cent of the consideration paid by the buyer in excess of one hundred fifty thousand dollars, and (2) retain and keep such fee in a separate account for the purpose of the purchase, preservation and stewardship of open space.
Statement of Purpose:
To permit municipalities to impose a conveyance fee on certain real property sales in order to generate funds for the purchase, preservation and stewardship of open space.