| 4 | 4 | | HB.docx |
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| 5 | 5 | | 1 of 2 |
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| 6 | 6 | | |
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| 7 | 7 | | General Assembly Committee Bill No. 5679 |
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| 8 | 8 | | January Session, 2021 |
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| 9 | 9 | | LCO No. 3947 |
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| 10 | 10 | | |
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| 11 | 11 | | |
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| 12 | 12 | | Referred to Committee on HOUSING |
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| 13 | 13 | | |
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| 14 | 14 | | |
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| 15 | 15 | | Introduced by: |
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| 16 | 16 | | (HSG) |
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| 17 | 17 | | |
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| 18 | 18 | | |
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| 19 | 19 | | |
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| 20 | 20 | | AN ACT CONCERNING PR OPERTY TAX ABATEMENT FOR CERTAIN |
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| 21 | 21 | | FIRST-TIME HOME BUYERS. |
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| 22 | 22 | | Be it enacted by the Senate and House of Representatives in General |
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| 23 | 23 | | Assembly convened: |
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| 24 | 24 | | |
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| 25 | 25 | | Section 1. (NEW) (Effective October 1, 2021, and applicable to assessment 1 |
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| 26 | 26 | | years commencing on or after October 1, 2021) Any municipality may, upon 2 |
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| 27 | 27 | | approval by its legislative body or, in any town in which the legislative 3 |
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| 28 | 28 | | body is a town meeting, by the board of selectmen, abate for period of 4 |
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| 29 | 29 | | up to five assessment years up to five hundred dollars per assessment 5 |
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| 30 | 30 | | year of the property taxes due for a residential property owned by a 6 |
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| 31 | 31 | | person who purchased such property as a first-time homebuyer with a 7 |
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| 32 | 32 | | mortgage issued by the Connecticut Housing Finance Authority. For the 8 |
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| 33 | 33 | | purposes of this section, "residential property" means a single-family 9 |
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| 34 | 34 | | residential dwelling that is the principal residence of the owner of such 10 |
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| 35 | 35 | | property. 11 |
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| 36 | 36 | | This act shall take effect as follows and shall amend the following |
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| 37 | 37 | | sections: |
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| 38 | 38 | | Committee Bill No. 5679 |
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| 39 | 39 | | |
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| 40 | 40 | | |
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| 41 | 41 | | LCO 3947 {\\PRDFS1\HCOUSERS\BARRYJN\WS\2021HB-05679- |
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