OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sHB-6643
AN ACT CONCERNING MUNICIPAL TAXATION ASSISTANCE
PROGRAMS AND THE MUNICIPAL PROPERTY TAX WAIVER.
AMENDMENT
LCO No.: 9292
File Copy No.: 548
House Calendar No.: 392
Primary Analyst: DD 5/25/21
Contributing Analyst(s): ()
OFA Fiscal Note
State Impact: None
Municipal Impact:
Municipalities Effect FY 22 $ FY 23 $
Various Municipalities Potential
Revenue
Loss
Less than
$5,000
None
Explanation
The amendment changes the effective date of the underlying bill to
July 1, 2021, and makes the bill effective for FY 22 and FY 23 only. This
allows municipalities to implement a program, established in the
underlying bill, to reduce the interest rate on deferred property taxes in
FY 22. This results in a revenue loss of less than $5,000 in municipalities
that implement this program in FY 22.
The amendment has no fiscal impact in FY 23 as the underlying bill
already allows municipalities to implement this program that year. The
amendment precludes a revenue loss in the out years by specifying that
the underlying bill is effective for FY 22 and FY 23 only.
The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely
for the purposes of information, summarization and explanation and does not represent the intent of the General
Assembly or either chamber thereof for any purpose. In general, fiscal impacts are based upon a variety of
informational sources, including the analyst’s professional knowledge. Whenever applicable, agency data is 2021HB-06643-R00LCO09292-FNA.DOCX Page 2 of 2
consulted as part of the analysis, however final products do not necessarily reflect an assessment from any
specific department.