LCO No. 2004 1 of 1
General Assembly Proposed Bill No. 5967
January Session, 2021
LCO No. 2004
Referred to Committee on PLANNING AND DEVELOPMENT
Introduced by:
REP. SMITH, 48th Dist.
SEN. OSTEN, 19th Dist.
REP. NOLAN, 39th Dist.
REP. CONLEY, 40th Dist.
REP. RYAN, 139th Dist.
SEN. FLEXER, 29th Dist.
AN ACT CONCERNING INTEREST RATES CHARGED ON CERTAIN
PROPERTY TAX UNDERPAYMENTS AND ASSESSMENTS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That the general statutes be amended to reduce the interest rate 1
charged by municipalities for property tax underpayments to one-2
fourth of one per cent per month or a fraction thereof, and to apply such 3
interest rate to sewer system installation and connection assessments, 4
benefit assessments charged to property owners in tax increment 5
financing districts to finance public improvements, special assessments 6
on blighted housing and taxes and assessments set by special taxing 7
districts. 8
Statement of Purpose:
To reduce interest rates charged by municipalities for certain property
tax underpayments and assessments.