LCO No. 1904 1 of 2
General Assembly Proposed Bill No. 5983
January Session, 2021
LCO No. 1904
Referred to Committee on PLANNING AND DEVELOPMENT
Introduced by:
REP. WOOD, 141st Dist.
REP. ZAWISTOWSKI, 61st Dist.
AN ACT CONCERNING PROPERTY TAX REFORMS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That the general statutes be amended to (1) establish a cap on the 1
annual property tax growth of any local government entity, including, 2
but not limited to, municipalities, special taxing districts and regional 3
school districts, to the lesser of two per cent or the amount of increase to 4
the consumer price index, where negative consumer price index growth 5
shall be treated as zero; (2) exclude from property tax growth added tax 6
revenue from new construction or other value increasing activity in the 7
previous fiscal year so as to not penalize tax base growth and to account 8
for new or expiring abatements as they occur; (3) permit the cap to be 9
exceeded by a supermajority in a vote by the legislative body or by 10
referendum, as applicable; (4) permit entities to carry over an unused 11
levy below the cap for one successive fiscal year; and (5) penalize entities 12
that exceed the cap by reducing such entities' cap for the next fiscal year. 13 Proposed Bill No. 5983
LCO No. 1904 2 of 2
Statement of Purpose:
To stabilize property tax growth and support affordable home and
business ownership.