Substitute Senate Bill No. 497
Special Act No. 23-24
AN ACT ESTABLISHING A TASK FORCE TO STUDY ISSUES
RELATING TO THE REPEAL OF THE MOTOR VEHICLE PROPERTY
TAX.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
Section 1. (Effective from passage) (a) There is established a task force
to study the feasibility of repealing the motor vehicle property tax and
options for replacing the resulting lost municipal revenue. The task
force shall examine the potential impact of such repeal on municipal
budgets and analyze possibilities for replacing municipal revenue lost
as a result of such repeal. Such possibilities shall include, but need not
be limited to, an annual eight-per-cent tax on total direct net premiums
received by domestic insurance companies and insurance companies
organized under the laws of any other state or foreign government on
private passenger nonfleet automobile insurance policies and
homeowners insurance policies issued for property located in this state.
(b) The task force shall consist of the following members:
(1) One appointed by the speaker of the House of Representatives,
who is a representative of a nonprofit organization that advocates for
taxation reform;
(2) Two appointed by the president pro tempore of the Senate, one of Substitute Senate Bill No. 497
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whom is a representative of a nonprofit organization that advocates for
policies that benefit individuals who are fifty years of age or older, and
one who shall have expertise in data analytics;
(3) One appointed by the majority leader of the House of
Representatives, who is a representative of a state-wide organization of
municipal leaders;
(4) Two appointed by the majority leader of the Senate, one of whom
is a representative of an organization that represents the interests of
insurers, and one of whom is a member of the faculty at The University
of Connecticut;
(5) One appointed by the minority leader of the House of
Representatives, who is the chief executive officer of a municipality with
a population of fewer than fifty thousand;
(6) One appointed by the minority leader of the Senate, who is the
chief executive officer of a municipality with a population of fifty
thousand or more;
(7) The Secretary of the Office of Policy and Management, or the
secretary's designee;
(8) The Commissioner of Revenue Services, or the commissioner's
designee; and
(9) The chairpersons, vice chairpersons and ranking members of the
joint standing committees of the General Assembly having cognizance
of matters relating to planning and development and finance, revenue
and bonding.
(c) All initial appointments to the task force shall be made not later
than thirty days after the effective date of this section. Any vacancy shall
be filled by the appointing authority. Substitute Senate Bill No. 497
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(d) The speaker of the House of Representatives and the president
pro tempore of the Senate shall select the chairpersons of the task force
from among the members of the task force. Such chairpersons shall
schedule the first meeting of the task force, which shall be held not later
than sixty days after the effective date of this section.
(e) The administrative staff of the joint standing committee of the
General Assembly having cognizance of matters relating to planning
and development shall serve as administrative staff of the task force.
(f) Not later than February 1, 2024, the task force shall submit a report
on its findings and recommendations to the joint standing committees
of the General Assembly having cognizance of matters relating to
planning and development and finance, revenue and bonding, in
accordance with the provisions of section 11-4a of the general statutes.
The task force shall terminate on the date that it submits such report or
February 1, 2024, whichever is later.