Connecticut 2019 Regular Session

Connecticut Senate Bill SB01135

Introduced
4/24/19  
Refer
4/24/19  
Refer
4/24/19  
Report Pass
5/1/19  
Refer
5/10/19  
Refer
5/10/19  

Caption

An Act Concerning The Municipal Interest Rate Applicable To Delinquent Property Taxes.

Impact

The bill is set to impact the collection methods and financial responsibilities of municipalities regarding delinquent taxes. By providing them the flexibility to modify interest rates, SB01135 could help local governments manage their tax revenues more effectively. The changes could better accommodate economic fluctuations, enabling municipalities to incentivize timely tax payments without creating undue financial burdens on residents facing hardships. This law, upon enactment, would come into effect on July 1, 2019, and would require local governments to adopt the new regulations accordingly.

Summary

SB01135 aims to amend the existing statutes regarding the interest rates applicable to delinquent property taxes. This bill proposes adjustments to the interest rate that municipalities can impose on property taxes that are not paid on time. Specifically, it allows towns, cities, and boroughs the ability to assess an interest rate of up to 18% per annum on delinquent taxes, while also permitting municipalities to set a lower interest rate through a vote of their legislative bodies. This legislation reflects an intent to give local governing bodies more discretion in handling tax delinquencies, potentially aiding them in better financial management.

Sentiment

The sentiment surrounding SB01135 appears generally favorable within government circles, particularly among those advocating for local control and financial flexibility. Supporters argue that the bill's provisions are beneficial for municipalities, allowing them to respond more effectively to unique local circumstances and economic conditions. While the sentiment reflects a proactive approach to local governance, there may still be concerns among some constituents about how changes to interest rates would affect taxpayers who are already struggling financially.

Contention

Notable points of contention stem from the potential effects of increasing interest rates on delinquent taxes. Opponents may argue that allowing municipalities to set higher rates could lead to increased financial strain on vulnerable populations, especially those dealing with economic difficulties. Conversely, proponents believe that giving municipalities greater authority will help streamline tax collection and eventually contribute to better local governance. The balance between enabling municipal autonomy and protecting taxpayer interests will be pivotal in the ongoing discussions around this bill.

Companion Bills

No companion bills found.

Previously Filed As

CT HB07239

An Act Establishing A Public School District Repair And Improvement Project Program.

Similar Bills

CT SB00965

An Act Concerning Changes To Municipal Revenue Collection Statutes.

CT HB06571

An Act Concerning The Municipal Tax Collection Statutes.

CT HB07154

An Act Concerning Revisions To Statutes Relating To Municipal Tax Collection.

CT SB00820

An Act Concerning The Interest Rate On Delinquent Property Taxes.

CT SB01341

An Act Concerning Local Government.

CA AB2373

Mobilehomes: tenancies.

CA AB173

Mobilehomes: payments: nonpayment or late payments.

CT SB01064

An Act Concerning A Waiver Of Interest On Property Tax Payments For Certain Real And Personal Property And The Interest Rate For Certain Taxes And Assessments.