OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
SB-1092
AN ACT CONCERNING THE ACQUISITION AND CONVEYANCE
OF CERTAIN PROPERTIES BY CONNECTICUT BROWNFIELD
LAND BANKS.
AMENDMENT
LCO No.: 7024
File Copy No.: 297
Senate Calendar No.: 192
Primary Analyst: EW 5/3/23
Contributing Analyst(s): (NF)
OFA Fiscal Note
See Fiscal Note Details
The amendment removes the requirement that brownfields under
land banking agreements between Connecticut brownfield land banks
(CBLBs) and regional councils of government should enhance rivers’
aquatic life and environmental quality.
To the extent that additional brownfields may be purchased by
CBLBs under this provision, there would be an increase to the potential
revenue loss to state and municipalities, as current law exempts CBLBs
from paying state and local taxes and assessments on brownfields. Any
revenue loss would vary based on the number of properties acquired by
CBLBs under this amendment, their value, and any related income
generated.
The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely
for the purposes of information, summarization and explanation and does not represent the intent of the General
Assembly or either chamber thereof for any purpose. In general, fiscal impacts are based upon a variety of
informational sources, including the analyst’s professional knowledge. Whenever applicable, agency data is
consulted as part of the analysis, however final products do not necessarily reflect an assessment from any
specific department.