LCO No. 5378 1 of 2
General Assembly Raised Bill No. 6644
January Session, 2021
LCO No. 5378
Referred to Committee on PLANNING AND DEVELOPMENT
Introduced by:
(PD)
AN ACT CONCERNING A STUDY OF CERTAIN PRO PERTY TAX
REFORMS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
Section 1. (Effective from passage) (a) The Secretary of the Office of 1
Policy and Management shall conduct a study of the fiscal impact and 2
feasibility of any municipality, district, as defined in section 7-324 of the 3
general statutes, or regional school district in the state establishing a cap 4
on its annual property tax growth to the lesser of two per cent or the 5
increase, if any, in the consumer price index. Such study shall include, 6
but not be limited to, an examination of (1) potential exclusions from 7
any such annual property tax growth resulting from (A) increases in tax 8
revenue due to new construction, development or other similar activity, 9
or (B) the addition or expiration of certain abatements, (2) means by 10
which such cap may be overridden by vote of the legislative body, board 11
of directors or regional board of education, as applicable, or by 12
referendum, and (3) costs and benefits of (A) allowing any such 13
municipality, district or regional school district to carry over into the 14
immediately following fiscal year any unused portion of such annual 15
property tax growth that is under such cap, and (B) penalizing any such 16 Raised Bill No. 6644
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municipality, district or regional school district that exceeds such cap by 17
reducing the cap in the immediately following fiscal year for such 18
municipality, district or regional school district. 19
(b) Not later than January 1, 2022, the secretary shall submit to the 20
joint standing committee of the General Assembly having cognizance of 21
matters relating to planning and development, in accordance with the 22
provisions of section 11-4a of the general statutes, (1) a report on the 23
findings of such study, and (2) recommendations for legislation to (A) 24
implement imposing on municipalities, districts and regional school 25
districts any such cap on annual property tax growth, or (B) otherwise 26
address any concern identified in such study. 27
This act shall take effect as follows and shall amend the following
sections:
Section 1 from passage New section
Statement of Purpose:
To study the fiscal impact and feasibility of municipalities, certain
taxing districts and regional school districts establishing a cap on annual
property tax growth.
[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except
that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not
underlined.]