| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | ||
| 3 | 3 | ||
| 4 | 4 | LCO No. 6302 1 of 2 | |
| 5 | 5 | ||
| 6 | 6 | General Assembly Raised Bill No. 6675 | |
| 7 | 7 | January Session, 2021 | |
| 8 | 8 | LCO No. 6302 | |
| 9 | 9 | ||
| 10 | 10 | ||
| 11 | 11 | Referred to Committee on FINANCE, REVENUE AND | |
| 12 | 12 | BONDING | |
| 13 | 13 | ||
| 14 | 14 | ||
| 15 | 15 | Introduced by: | |
| 16 | 16 | (FIN) | |
| 17 | 17 | ||
| 18 | 18 | ||
| 19 | 19 | ||
| 20 | 20 | AN ACT CONCERNING A MUNICIPAL OPTION FOR A HOMESTEAD | |
| 21 | 21 | PROPERTY TAX EXEMPTI ON. | |
| 22 | 22 | Be it enacted by the Senate and House of Representatives in General | |
| 23 | 23 | Assembly convened: | |
| 24 | 24 | ||
| 25 | 25 | Section 1. (NEW) (Effective from passage) Any municipality may, upon 1 | |
| 26 | 26 | approval by its legislative body or, in a municipality where the 2 | |
| 27 | 27 | legislative body is a town meeting, by vote of the board of selectmen, 3 | |
| 28 | 28 | provide an exemption from property tax, not to exceed forty per cent of 4 | |
| 29 | 29 | the assessed value, for owner-occupied dwellings that are the primary 5 | |
| 30 | 30 | residences of such owners. 6 | |
| 31 | 31 | This act shall take effect as follows and shall amend the following | |
| 32 | 32 | sections: | |
| 33 | 33 | ||
| 34 | 34 | Section 1 from passage New section | |
| 35 | 35 | ||
| 36 | 36 | Statement of Purpose: | |
| 37 | 37 | To authorize municipalities to establish a homestead property tax | |
| 38 | 38 | exemption. | |
| 39 | 39 | [Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except | |
| 40 | 40 | that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not | |
| 41 | 41 | underlined.] Raised Bill No. 6675 | |
| 42 | 42 | ||
| 43 | 43 | ||
| 44 | 44 | ||
| 45 | 45 | LCO No. 6302 2 of 2 | |
| 46 | 46 | ||
| 47 | 47 |