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OLR Bill Analysis
SB 1100 (File 671, as amended by Senate "A" and "B")*
AN ACT CONCERNING THE FAILURE TO FILE FOR CERTAIN
GRAND LIST EXEMPTIONS.
SUMMARY
The FY 20-21 budget act increased, from $20 to $80, the fee that
specified business entities must pay to file an annual report with the
secretary of the state (PA 19-117, §§ 344-346). Under current law, the
fee increase applies for annual reports filed beginning July 1, 2020. This
bill instead provides that for limited liability companies, the $80 filing
fee applies to annual reports filed for any year on or after July 1, 2020,
rather than any filings made on or after that date. Reports filed for any
year before July 1, 2020, are subject to the $20 fee. By law, unchanged
by the bill, the annual report filing fee for limited partnerships and
limited liability partnerships remains at $80 for reports filed on or after
July 1, 2020.
The bill also allows taxpayers in three municipalities to claim a
property tax exemption for specified property and grand lists even
though they missed the November 1 filing deadline.
*Senate Amendment “A” (1) eliminates failure to file provisions
concerning specified renewable energy systems in Middlefield and
Middletown for the 2020 grand list year and (2) adds an additional
failure to file provision for Middletown for the 2017-2019 grand list
years.
*Senate Amendment “B” adds the annual report filing fee provision.
EFFECTIVE DATE: July 1, 2021, for the property tax exemption
provisions and upon passage for the annual report filing fee provision.
EXEMPTION DEADLINE W AIVERS
The bill allows taxpayers in Hartford, Plainville, and Middletown to 2021SB-01100-R01-BA.DOCX
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claim a property tax exemption, for the property and grand lists shown
in Table 1, even though they missed the November 1 filing deadline. It
does so by waiving the deadline if the taxpayer files for the exemption
by July 31, 2021, and pays the statutory late filing fee. The tax assessor
must confirm that he or she received the fee, verify the property’s
eligibility for the exemption, and subsequently approve the exemption.
The municipality must refund any taxes, interest, or penalties paid on
the property as if the claim was timely filed.
Table 1: Exemption Deadline Waivers Under the Bill
Municipality Grand
List
Exemption
Hartford 2018 and
2019
Machinery and equipment used for manufacturing,
biotechnology, and recycling (§ 12-81(76))
Plainville 2020
Middletown 2017 Property owned, or held in trust for, any corporation organized
exclusively for scientific, educational, literary, historical, or
charitable purposes and used exclusively for such purposes or
preserving open space land (§ 12-81(7))
2017,
2018, and
2019
COMMITTEE ACTION
Finance, Revenue and Bonding Committee
Joint Favorable
Yea 47 Nay 1 (04/22/2021)