Connecticut 2023 Regular Session

Connecticut House Bill HB05865

Introduced

1/18/23

Introduced

1/18/23

Refer

1/18/23

Refer

1/18/23

Caption

An Act Concerning Municipal Valuation Of Motor Vehicles For Property Taxation.

Impact

If passed, HB 5865 would directly impact municipal revenue streams derived from property taxes on motor vehicles. By reverting to previous assessment protocols, local governments could potentially see changes in revenue impacts based on fluctuating vehicle valuations. The repeal of the recent legislative amendments may alleviate some pressures local entities faced under the new valuation framework, potentially enabling them to stabilize their tax revenue from this sector.

Summary

House Bill 5865, also known as 'An Act Concerning Municipal Valuation of Motor Vehicles for Property Taxation', seeks to amend existing statutes regarding the assessment of motor vehicle property taxes. Specifically, the bill aims to repeal changes made by sections 497 to 509 of public act 22-118, which had previously altered how municipalities appraise motor vehicles for taxation purposes. The intent behind these amendments is to restore previous valuation methods that may have been deemed more favorable or suitable for municipalities.

Contention

One notable point of contention regarding HB 5865 lies in the debate over the effectiveness of the prior versus current valuation methods. Proponents of the bill argue that the previous assessment system yielded a fairer and more consistent revenue outcome for municipalities, while opponents may contend that the newer framework introduced necessary updates reflecting current vehicle market dynamics. This debate may reveal a broader discussion regarding the balance between legislative intent and local fiscal needs.

Additional_notes

Overall, HB 5865 encapsulates a significant shift back to earlier taxation practices, reflecting the concern for municipal interests in the face of changing market conditions. Listening to debates surrounding this bill could provide insights into legislative priorities concerning local governance and revenue generation.

Companion Bills

No companion bills found.

Previously Filed As

CT HB05172

An Act Concerning The Assessment Of Motor Vehicles For Property Taxation.

CT HB05018

An Act Concerning The Property Tax Credit For Motor Vehicles.

CT SB00450

An Act Phasing In The Exemption Of Motor Vehicles From Property Tax And Increases In The Uniform Property Assessment Rate.

CT SB00225

An Act Concerning Personal Property Tax Exemptions For Motor Vehicles Used Exclusively For Farming.

CT SB00501

An Act Concerning Motor Vehicle Assessments For Property Taxation, Innovation Banks, The Interest On Certain Tax Underpayments, The Assessment On Insurers, School Building Projects, The South Central Connecticut Regional Water Authority Charter And Certain State Historic Preservation Officer Procedures.

CT HB05204

An Act Concerning The Operation Of Low-speed Vehicles.

CT HB05490

An Act Concerning The Sales And Use Taxes On Ambulance-type Motor Vehicles And Ambulances.

CT SB00447

An Act Concerning The Failure To File For Certain Grand List Exemptions And Authorizing The Deferral Of A Certain Municipality's Real Property Revaluation.

CT HB05328

An Act Concerning Automated Traffic Safety Enforcement In Work Zones And Municipalities.

CT SB00183

An Act Implementing The Recommendations Of The Department Of Motor Vehicles And Concerning Low-speed Vehicles, The Towing Of Occupied Vehicles, School Buses, Electric Commercial Vehicles, The Passenger Registration Of Pick-up Trucks And Removable Windshield Placards For Persons Who Are Blind And Persons With Disabilities.

Similar Bills

No similar bills found.