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4 | 4 | | LCO No. 5474 1 of 3 |
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5 | 5 | | |
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6 | 6 | | General Assembly Raised Bill No. 1068 |
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7 | 7 | | January Session, 2021 |
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8 | 8 | | LCO No. 5474 |
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9 | 9 | | |
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10 | 10 | | |
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11 | 11 | | Referred to Committee on PLANNING AND DEVELOPMENT |
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13 | 13 | | |
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14 | 14 | | Introduced by: |
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15 | 15 | | (PD) |
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16 | 16 | | |
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17 | 17 | | |
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19 | 19 | | |
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20 | 20 | | AN ACT CONCERNING PR OPERTY TAXES AND AFF ORDABLE |
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21 | 21 | | HOUSING. |
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22 | 22 | | Be it enacted by the Senate and House of Representatives in General |
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23 | 23 | | Assembly convened: |
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24 | 24 | | |
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25 | 25 | | Section 1. (NEW) (Effective October 1, 2021, and applicable to assessment 1 |
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26 | 26 | | years commencing on or after October 1, 2021) (a) In addition to the tax 2 |
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27 | 27 | | under chapter 204 of the general statutes, each municipality shall 3 |
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28 | 28 | | impose upon each owner of residential real property located in such 4 |
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29 | 29 | | municipality an assessment for such residential real property in 5 |
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30 | 30 | | accordance with the provisions of subsection (b) of this section, 6 |
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31 | 31 | | provided the first three hundred thousand dollars of the assessed value 7 |
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32 | 32 | | of such residential real property shall be exempt from such additional 8 |
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33 | 33 | | assessment. 9 |
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34 | 34 | | (b) (1) In the case of a municipality in which ten per cent or more of 10 |
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35 | 35 | | all dwelling units in such municipality are described in subdivisions (1) 11 |
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36 | 36 | | to (5), inclusive, of subsection (k) of section 8-30g of the general statutes, 12 |
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37 | 37 | | such municipality shall impose an additional assessment rate of zero 13 |
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38 | 38 | | mills. 14 |
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39 | 39 | | (2) In the case of a municipality in which eight per cent or more, but 15 |
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40 | 40 | | LCO No. 5474 2 of 3 |
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41 | 41 | | |
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42 | 42 | | less than ten per cent, of all dwelling units in such municipality are 16 |
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43 | 43 | | described in subdivisions (1) to (5), inclusive, of subsection (k) of section 17 |
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44 | 44 | | 8-30g of the general statutes, such municipality shall impose an 18 |
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45 | 45 | | additional assessment rate of four-tenths of one mill. 19 |
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46 | 46 | | (3) In the case of a municipality in which six per cent or more, but less 20 |
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47 | 47 | | than eight per cent, of all dwelling units in such municipality are 21 |
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48 | 48 | | described in subdivisions (1) to (5), inclusive, of subsection (k) of section 22 |
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49 | 49 | | 8-30g of the general statutes, such municipality shall impose an 23 |
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50 | 50 | | additional assessment rate of eight-tenths of one mill. 24 |
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51 | 51 | | (4) In the case of a municipality in which four per cent or more, but 25 |
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52 | 52 | | less than six per cent, of all dwelling units in such municipality are 26 |
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53 | 53 | | described in subdivisions (1) to (5), inclusive, of subsection (k) of section 27 |
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54 | 54 | | 8-30g of the general statutes, such municipality shall impose an 28 |
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55 | 55 | | additional assessment rate of one and two-tenths of one mill. 29 |
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56 | 56 | | (5) In the case of a municipality in which two per cent or more, but 30 |
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57 | 57 | | less than four per cent, of all dwelling units in such municipality are 31 |
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58 | 58 | | described in subdivisions (1) to (5), inclusive, of subsection (k) of section 32 |
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59 | 59 | | 8-30g of the general statutes, such municipality shall impose an 33 |
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60 | 60 | | additional assessment rate of one and six-tenths of one mill. 34 |
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61 | 61 | | (6) In the case of a municipality in which less than two per cent of all 35 |
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62 | 62 | | dwelling units in such municipality are described in subdivisions (1) to 36 |
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63 | 63 | | (5), inclusive, of subsection (k) of section 8-30g of the general statutes, 37 |
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64 | 64 | | such municipality shall impose an additional assessment rate of two 38 |
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65 | 65 | | mills. 39 |
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66 | 66 | | This act shall take effect as follows and shall amend the following |
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67 | 67 | | sections: |
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68 | 68 | | |
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69 | 69 | | Section 1 October 1, 2021, and |
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70 | 70 | | applicable to assessment |
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71 | 71 | | years commencing on or |
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72 | 72 | | after October 1, 2021 |
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73 | 73 | | New section |
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74 | 74 | | |
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75 | 75 | | LCO No. 5474 3 of 3 |
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76 | 76 | | |
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77 | 77 | | Statement of Purpose: |
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78 | 78 | | To require each municipality to impose an assessment rate, in addition |
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79 | 79 | | to that provided for under chapter 204 of the general statutes, on all |
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80 | 80 | | residential real property in such municipality depending on the amount |
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81 | 81 | | of certain affordable housing in such municipality. |
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82 | 82 | | [Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except |
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83 | 83 | | that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not |
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84 | 84 | | underlined.] |
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85 | 85 | | |
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