Connecticut 2019 Regular Session

Connecticut House Bill HB05677 Compare Versions

Only one version of the bill is available at this time.
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33 LCO No. 1647 1 of 1
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55 General Assembly Proposed Bill No. 5677
66 January Session, 2019
77 LCO No. 1647
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1010 Referred to Committee on APPROPRIATIONS
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1313 Introduced by:
1414 REP. TURCO, 27th Dist.
1515 REP. LOPES, 24th Dist.
1616 SEN. LESSER, 9th Dist.
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2121 AN ACT CONCERNING PAYMENTS IN LIEU OF TAXES TO
2222 MUNICIPALITIES FOR MANUFACTURING MACHINERY AND
2323 EQUIPMENT.
2424 Be it enacted by the Senate and House of Representatives in General
2525 Assembly convened:
2626
2727 That chapter 203 of the general statutes be amended to require the 1
2828 state to provide payments in lieu of taxes to municipalities for 2
2929 manufacturing machinery and equipment, paid at one hundred per 3
3030 cent of the amount of property taxes that, except for the exemption in 4
3131 section 12-81 of the general statutes, would have been paid. 5
3232 Statement of Purpose:
3333 To assist municipalities with the cost of providing the manufacturing
3434 machinery and equipment exemption, provide property tax relief and
3535 encourage growth in manufacturing.