| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | General Assembly Proposed Bill No. 99 | |
| 2 | 2 | January Session, 2017 LCO No. 1257 | |
| 3 | 3 | *01257* | |
| 4 | 4 | Referred to Committee on FINANCE, REVENUE AND BONDING | |
| 5 | 5 | Introduced by: | |
| 6 | 6 | SEN. BOUCHER, 26th Dist. | |
| 7 | 7 | ||
| 8 | 8 | General Assembly | |
| 9 | 9 | ||
| 10 | 10 | Proposed Bill No. 99 | |
| 11 | 11 | ||
| 12 | 12 | January Session, 2017 | |
| 13 | 13 | ||
| 14 | 14 | LCO No. 1257 | |
| 15 | 15 | ||
| 16 | 16 | *01257* | |
| 17 | 17 | ||
| 18 | 18 | Referred to Committee on FINANCE, REVENUE AND BONDING | |
| 19 | 19 | ||
| 20 | 20 | Introduced by: | |
| 21 | 21 | ||
| 22 | 22 | SEN. BOUCHER, 26th Dist. | |
| 23 | 23 | ||
| 24 | 24 | AN ACT PHASING OUT THE REAL ESTATE CONVEYANCE TAX. | |
| 25 | 25 | ||
| 26 | 26 | Be it enacted by the Senate and House of Representatives in General Assembly convened: | |
| 27 | 27 | ||
| 28 | 28 | That section 12-494 of the general statutes be amended to phase out the real estate conveyance tax over a period of four years as follows: (1) In the first year, a fifty per cent reduction in the rate of tax to be remitted to the state; (2) in the second year, elimination of the tax to be remitted to the state; (3) in the third year, a fifty per cent reduction in the rate of tax retained by municipalities; and (4) in the fourth year, elimination of the tax retained by municipalities. | |
| 29 | 29 | ||
| 30 | 30 | Statement of Purpose: | |
| 31 | 31 | ||
| 32 | 32 | To phase out the real estate conveyance tax over a four-year period. |