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General Assembly Committee Bill No. 5679
January Session, 2021
LCO No. 3947
Referred to Committee on HOUSING
Introduced by:
(HSG)
AN ACT CONCERNING PR OPERTY TAX ABATEMENT FOR CERTAIN
FIRST-TIME HOME BUYERS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
Section 1. (NEW) (Effective October 1, 2021, and applicable to assessment 1
years commencing on or after October 1, 2021) Any municipality may, upon 2
approval by its legislative body or, in any town in which the legislative 3
body is a town meeting, by the board of selectmen, abate for period of 4
up to five assessment years up to five hundred dollars per assessment 5
year of the property taxes due for a residential property owned by a 6
person who purchased such property as a first-time homebuyer with a 7
mortgage issued by the Connecticut Housing Finance Authority. For the 8
purposes of this section, "residential property" means a single-family 9
residential dwelling that is the principal residence of the owner of such 10
property. 11
This act shall take effect as follows and shall amend the following
sections:
Committee Bill No. 5679
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Section 1 October 1, 2021, and
applicable to assessment
years commencing on or
after October 1, 2021
New section
HSG Joint Favorable
APP Joint Favorable