| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | ||
| 3 | 3 | LCO No. 2482 1 of 1 | |
| 4 | 4 | ||
| 5 | 5 | General Assembly Proposed Bill No. 431 | |
| 6 | 6 | January Session, 2019 | |
| 7 | 7 | LCO No. 2482 | |
| 8 | 8 | ||
| 9 | 9 | ||
| 10 | 10 | Referred to Committee on FINANCE, REVENUE AND | |
| 11 | 11 | BONDING | |
| 12 | 12 | ||
| 13 | 13 | ||
| 14 | 14 | Introduced by: | |
| 15 | 15 | SEN. LOONEY, 11th Dist. | |
| 16 | 16 | ||
| 17 | 17 | ||
| 18 | 18 | ||
| 19 | 19 | AN ACT CONCERNING PROPERTY TAX REFORM. | |
| 20 | 20 | Be it enacted by the Senate and House of Representatives in General | |
| 21 | 21 | Assembly convened: | |
| 22 | 22 | ||
| 23 | 23 | That the general statutes be amended to (1) establish a fifty-1 | |
| 24 | 24 | thousand-dollar homestead exemption to be applied to assessed value 2 | |
| 25 | 25 | of one-to-four family owner-occupied residences; (2) establish a one 3 | |
| 26 | 26 | mill state-wide tax on real property with an adjustment for the 4 | |
| 27 | 27 | homestead exemption; (3) repeal the municipal property tax on motor 5 | |
| 28 | 28 | vehicles; (4) enact a state-wide motor vehicle tax of at least fifteen 6 | |
| 29 | 29 | mills, but not more than nineteen mills; (5) apply the receipts of the 7 | |
| 30 | 30 | state-wide taxes established in subdivisions (2) and (4) of this section 8 | |
| 31 | 31 | to (A) fund PILOT program reimbursements to municipalities, (B) 9 | |
| 32 | 32 | increase special education grants to municipalities, and (C) apply 10 | |
| 33 | 33 | remaining funds to education and alliance district grants; and (6) 11 | |
| 34 | 34 | exempt the first twenty-five thousand dollars of assessed value of 12 | |
| 35 | 35 | business personal property from municipal property tax. 13 | |
| 36 | 36 | Statement of Purpose: | |
| 37 | 37 | To reform the property tax system. |