General Assembly Proposed Bill No. 6946
January Session, 2017 LCO No. 1662
*01662*
Referred to Committee on PLANNING AND DEVELOPMENT
Introduced by:
REP. MUSHINSKY, 85th Dist.
General Assembly
Proposed Bill No. 6946
January Session, 2017
LCO No. 1662
*01662*
Referred to Committee on PLANNING AND DEVELOPMENT
Introduced by:
REP. MUSHINSKY, 85th Dist.
AN ACT CONCERNING MUNICIPAL OPEN SPACE PRIORITIES AND FUNDING FOR THE PURCHASE OF SUCH PROPERTIES.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to permit municipalities to (1) impose a buyer's fee on the conveyance of real property occurring on or after July 1, 2017, except the conveyance of real property resulting in the preservation of open space land, at a 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 such fee in a separate account, and use such account for the purchase and stewardship of open space land by the municipality or the municipality in cooperation with the state or federal government or with a private organization such as a land trust.
Statement of Purpose:
To permit municipalities to impose a conveyance fee on certain real property sales in order to generate funds for the preservation and stewardship of open space land.