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| 2 | 2 | | |
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| 3 | 3 | | LCO No. 572 1 of 2 |
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| 4 | 4 | | |
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| 5 | 5 | | General Assembly Proposed Bill No. 172 |
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| 6 | 6 | | January Session, 2021 |
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| 7 | 7 | | LCO No. 572 |
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| 8 | 8 | | |
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| 9 | 9 | | |
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| 10 | 10 | | Referred to Committee on FINANCE, REVENUE AND |
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| 11 | 11 | | BONDING |
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| 12 | 12 | | |
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| 13 | 13 | | |
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| 14 | 14 | | Introduced by: |
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| 15 | 15 | | SEN. LOONEY, 11th Dist. |
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| 16 | 16 | | |
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| 17 | 17 | | |
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| 18 | 18 | | |
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| 19 | 19 | | AN ACT ESTABLISHING A STATE -WIDE ASSESSMENT TO |
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| 20 | 20 | | ENCOURAGE AFFORDABLE HOUSING IN THE STATE. |
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| 21 | 21 | | Be it enacted by the Senate and House of Representatives in General |
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| 22 | 22 | | Assembly convened: |
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| 23 | 23 | | |
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| 24 | 24 | | That the general statutes be amended to establish a state-wide 1 |
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| 25 | 25 | | assessment on commercial and residential real property, based on the 2 |
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| 26 | 26 | | percentage of affordable housing developments, as defined in section 8-3 |
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| 27 | 27 | | 30g of the general statutes, located in a municipality, provided the first 4 |
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| 28 | 28 | | three hundred thousand dollars of the assessed value of a residential 5 |
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| 29 | 29 | | property shall be exempt from such assessment. The assessment rate 6 |
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| 30 | 30 | | shall be calculated as follows: (1) For municipalities that meet a 7 |
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| 31 | 31 | | threshold of at least ten per cent as set forth in section 8-30g of the 8 |
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| 32 | 32 | | general statutes, zero mills; (2) for municipalities that meet a threshold 9 |
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| 33 | 33 | | as set forth in said section of eight per cent to less than ten per cent, four-10 |
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| 34 | 34 | | tenths of one mill; (3) for municipalities that meet a threshold as set forth 11 |
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| 35 | 35 | | in said section of six per cent to less than eight per cent, eight-tenths of 12 |
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| 36 | 36 | | one mill; (4) for municipalities that meet a threshold as set forth in said 13 |
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| 37 | 37 | | section of four per cent to less than six per cent, one and two-tenths mill; 14 |
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| 38 | 38 | | (5) for municipalities that meet a threshold as set forth in said section of 15 Proposed Bill No. 172 |
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| 39 | 39 | | |
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| 40 | 40 | | |
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| 41 | 41 | | LCO No. 572 2 of 2 |
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| 42 | 42 | | |
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| 43 | 43 | | two per cent to less than four per cent, one and six-tenths of one mill; 16 |
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| 44 | 44 | | and (6) for municipalities that meet a threshold as set forth in said 17 |
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| 45 | 45 | | section of zero per cent to less than two per cent, two mills. 18 |
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| 46 | 46 | | Statement of Purpose: |
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| 47 | 47 | | To establish a state-wide assessment on real property to encourage |
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| 48 | 48 | | affordable housing in the state. |
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