| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | ||
| 3 | 3 | LCO No. 878 1 of 2 | |
| 4 | 4 | ||
| 5 | 5 | General Assembly Proposed Bill No. 5207 | |
| 6 | 6 | January Session, 2021 | |
| 7 | 7 | LCO No. 878 | |
| 8 | 8 | ||
| 9 | 9 | ||
| 10 | 10 | Referred to Committee on AGING | |
| 11 | 11 | ||
| 12 | 12 | ||
| 13 | 13 | Introduced by: | |
| 14 | 14 | REP. VARGAS, 6 | |
| 15 | 15 | th Dist. | |
| 16 | 16 | ||
| 17 | 17 | ||
| 18 | 18 | ||
| 19 | 19 | ||
| 20 | 20 | ||
| 21 | 21 | AN ACT PROTECTING PROPERTY OWNERS AGE FIFTY AND OLDER | |
| 22 | 22 | FROM FORECLOSURE. | |
| 23 | 23 | Be it enacted by the Senate and House of Representatives in General | |
| 24 | 24 | Assembly convened: | |
| 25 | 25 | ||
| 26 | 26 | That chapter 205 of the general statutes be amended to (1) prohibit a 1 | |
| 27 | 27 | municipality from placing a lien on real property that is a principal 2 | |
| 28 | 28 | residence of or integral to a business owned by a taxpayer age fifty or 3 | |
| 29 | 29 | older for delinquent taxes unless taxes owed exceed fifteen per cent of 4 | |
| 30 | 30 | the property's assessed value, (2) limit interest on delinquent taxes owed 5 | |
| 31 | 31 | by such taxpayer on such real property to the annual rate of inflation as 6 | |
| 32 | 32 | determined by the National Consumer Price Index, (3) limit legal fees, 7 | |
| 33 | 33 | penalties and fees associated with collection of such delinquent taxes 8 | |
| 34 | 34 | from such taxpayer to not more than twenty per cent of taxes due at the 9 | |
| 35 | 35 | time of settlement, and (4) make it a class D felony punishable by up to 10 | |
| 36 | 36 | five years of incarceration or five thousand dollars in fines, or both, for 11 | |
| 37 | 37 | any municipal agent to violate any provision of subdivisions (1) to (3), 12 | |
| 38 | 38 | inclusive. 13 Proposed Bill No. 5207 | |
| 39 | 39 | ||
| 40 | 40 | ||
| 41 | 41 | LCO No. 878 2 of 2 | |
| 42 | 42 | ||
| 43 | 43 | Statement of Purpose: | |
| 44 | 44 | To prevent foreclosure for certain delinquent taxpayers age fifty or | |
| 45 | 45 | older. |