LCO No. 6302 1 of 2
General Assembly Raised Bill No. 6675
January Session, 2021
LCO No. 6302
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
(FIN)
AN ACT CONCERNING A MUNICIPAL OPTION FOR A HOMESTEAD
PROPERTY TAX EXEMPTI ON.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
Section 1. (NEW) (Effective from passage) Any municipality may, upon 1
approval by its legislative body or, in a municipality where the 2
legislative body is a town meeting, by vote of the board of selectmen, 3
provide an exemption from property tax, not to exceed forty per cent of 4
the assessed value, for owner-occupied dwellings that are the primary 5
residences of such owners. 6
This act shall take effect as follows and shall amend the following
sections:
Section 1 from passage New section
Statement of Purpose:
To authorize municipalities to establish a homestead property tax
exemption.
[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.] Raised Bill No. 6675
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