Connecticut 2021 Regular Session

Connecticut House Bill HB06644 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
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3	3	LCO No. 5378 1 of 2
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5	5	General Assembly Raised Bill No. 6644
6	6	January Session, 2021
7	7	LCO No. 5378
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9	9
10	10	Referred to Committee on PLANNING AND DEVELOPMENT
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12	12
13	13	Introduced by:
14	14	(PD)
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19	19	AN ACT CONCERNING A STUDY OF CERTAIN PRO PERTY TAX
20	20	REFORMS.
21	21	Be it enacted by the Senate and House of Representatives in General
22	22	Assembly convened:
23	23
24	24	Section 1. (Effective from passage) (a) The Secretary of the Office of 1
25	25	Policy and Management shall conduct a study of the fiscal impact and 2
26	26	feasibility of any municipality, district, as defined in section 7-324 of the 3
27	27	general statutes, or regional school district in the state establishing a cap 4
28	28	on its annual property tax growth to the lesser of two per cent or the 5
29	29	increase, if any, in the consumer price index. Such study shall include, 6
30	30	but not be limited to, an examination of (1) potential exclusions from 7
31	31	any such annual property tax growth resulting from (A) increases in tax 8
32	32	revenue due to new construction, development or other similar activity, 9
33	33	or (B) the addition or expiration of certain abatements, (2) means by 10
34	34	which such cap may be overridden by vote of the legislative body, board 11
35	35	of directors or regional board of education, as applicable, or by 12
36	36	referendum, and (3) costs and benefits of (A) allowing any such 13
37	37	municipality, district or regional school district to carry over into the 14
38	38	immediately following fiscal year any unused portion of such annual 15
39	39	property tax growth that is under such cap, and (B) penalizing any such 16 Raised Bill No. 6644
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43	43	LCO No. 5378 2 of 2
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45	45	municipality, district or regional school district that exceeds such cap by 17
46	46	reducing the cap in the immediately following fiscal year for such 18
47	47	municipality, district or regional school district. 19
48	48	(b) Not later than January 1, 2022, the secretary shall submit to the 20
49	49	joint standing committee of the General Assembly having cognizance of 21
50	50	matters relating to planning and development, in accordance with the 22
51	51	provisions of section 11-4a of the general statutes, (1) a report on the 23
52	52	findings of such study, and (2) recommendations for legislation to (A) 24
53	53	implement imposing on municipalities, districts and regional school 25
54	54	districts any such cap on annual property tax growth, or (B) otherwise 26
55	55	address any concern identified in such study. 27
56	56	This act shall take effect as follows and shall amend the following
57	57	sections:
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59	59	Section 1 from passage New section
60	60
61	61	Statement of Purpose:
62	62	To study the fiscal impact and feasibility of municipalities, certain
63	63	taxing districts and regional school districts establishing a cap on annual
64	64	property tax growth.
65	65	[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except
66	66	that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not
67	67	underlined.]
68	68