LCO No. 2482 1 of 1
General Assembly Proposed Bill No. 431
January Session, 2019
LCO No. 2482
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
SEN. LOONEY, 11th Dist.
AN ACT CONCERNING PROPERTY TAX REFORM.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That the general statutes be amended to (1) establish a fifty-1
thousand-dollar homestead exemption to be applied to assessed value 2
of one-to-four family owner-occupied residences; (2) establish a one 3
mill state-wide tax on real property with an adjustment for the 4
homestead exemption; (3) repeal the municipal property tax on motor 5
vehicles; (4) enact a state-wide motor vehicle tax of at least fifteen 6
mills, but not more than nineteen mills; (5) apply the receipts of the 7
state-wide taxes established in subdivisions (2) and (4) of this section 8
to (A) fund PILOT program reimbursements to municipalities, (B) 9
increase special education grants to municipalities, and (C) apply 10
remaining funds to education and alliance district grants; and (6) 11
exempt the first twenty-five thousand dollars of assessed value of 12
business personal property from municipal property tax. 13
Statement of Purpose:
To reform the property tax system.