Connecticut 2024 Regular Session

Connecticut House Bill HB05478 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
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3		-	LCO 1 of 2
	3	+	LCO No. 2567 1 of 4
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5		-	General Assembly ~~Substitute~~ Bill No. 5478
	5	+	General Assembly Raised Bill No. 5478
6	6		February Session, 2024
	7	+	LCO No. 2567
7	8
	9	+
	10	+	Referred to Committee on PLANNING AND DEVELOPMENT
	11	+
	12	+
	13	+	Introduced by:
	14	+	(PD)
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12	19		AN ACT CONCERNING THE LAND VALUE TAXATION PILOT
13		-	PROGRAM.
	20	+	PROGRAM AND ELIGIBLE COMMUNITY INVESTMENT FUND
	21	+	PROJECTS.
14	22		Be it enacted by the Senate and House of Representatives in General
15	23		Assembly convened:
16	24
17	25		Section 1. Section 12-63h of the general statutes is repealed and the 1
18	26		following is substituted in lieu thereof (Effective October 1, 2024): 2
19	27		(a) The Secretary of the Office of Policy and Management shall 3
20	28		establish a pilot program in up to [three] five municipalities whereby 4
21	29		the selected municipalities shall develop a plan for implementation of 5
22	30		land value taxation that (1) classifies real estate included in the taxable 6
23	31		grand list as (A) land or land exclusive of buildings, or (B) buildings on 7
24	32		land; and (2) establishes a different mill rate for property tax purposes 8
25	33		for each class, provided the higher mill rate shall apply to land or land 9
26	34		exclusive of buildings. The different mill rates for taxable real estate in 10
27	35		each class shall not be applicable to any property for which a grant is 11
28	36		payable under section 12-18b. 12
29	37		(b) The secretary shall establish an application procedure and any 13
30		-	other criteria for the program and shall send a copy of such application 14
	38	+	other criteria for the program and shall send a copy of such application 14 Raised Bill No. 5478
	39	+
	40	+
	41	+
	42	+	LCO No. 2567 2 of 4
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31	44		procedure and any other criteria to the joint standing committee of the 15
32	45		General Assembly having cognizance of matters relating to planning 16
33	46		and development. The secretary shall not select a municipality for the 17
34		-	pilot program unless the legislative body of the municipality has 18 Substitute Bill No. 5478
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36		-
37		-	LCO 2 of 2
38		-
	47	+	pilot program unless the legislative body of the municipality has 18
39	48		approved the application. The secretary shall send a notice of selection 19
40	49		for the pilot program to the chief executive officer of the municipality 20
41	50		and to the joint standing committee of the General Assembly having 21
42	51		cognizance of matters relating to planning and development. 22
43	52		(c) After receipt of the notice of selection provided by the Secretary of 23
44	53		the Office of Policy and Management pursuant to subsection (b) of this 24
45	54		section, the chief elected official of such municipality shall appoint a 25
46	55		committee consisting of (1) a representative of the legislative body of the 26
47	56		municipality or where the legislative body is the town meeting, a 27
48	57		representative of the board of selectmen; (2) a representative from the 28
49	58		business community; (3) a land use attorney; and (4) relevant taxpayers 29
50	59		and stakeholders. Such committee shall prepare a plan for 30
51	60		implementation of land value taxation. Such plan shall (A) provide a 31
52	61		process for implementation of differentiated tax rates; (B) designate 32
53	62		geographic areas of the municipality where the differentiated rates shall 33
54	63		be applied; and (C) identify legal and administrative issues affecting the 34
55	64		implementation of the plan. The chief executive officer, the chief elected 35
56	65		official, the assessor and the tax collector of the municipality shall have 36
57	66		an opportunity to review and comment on the plan. On or before 37
58	67		December 31, [2020] 2027, and upon approval of the plan by the 38
59	68		legislative body, the plan shall be submitted to the joint standing 39
60	69		committees of the General Assembly having cognizance of matters 40
61	70		relating to planning and development, finance, revenue and bonding 41
62	71		and commerce. Any municipality that has previously applied for and 42
63	72		participated in the pilot program established pursuant to this section 43
64	73		shall be ineligible for subsequent selection to participate in the pilot 44
65	74		program. 45
	75	+	Sec. 2. Subdivision (3) of subsection (a) of section 32-285a of the 2024 46
	76	+	supplement to the general statutes is repealed and the following is 47
	77	+	substituted in lieu thereof (Effective July 1, 2024): 48 Raised Bill No. 5478
	78	+
	79	+
	80	+
	81	+	LCO No. 2567 3 of 4
	82	+
	83	+	(3) "Eligible project" means: 49
	84	+	(A) (i) A project proposed by a municipality, community 50
	85	+	development corporation or nonprofit organization, for the purpose of 51
	86	+	promoting economic or community development in the municipality or 52
	87	+	a municipality served by such corporation or organization, such as 53
	88	+	brownfield remediation, affordable housing, establishment of or 54
	89	+	improvements to water and sewer infrastructure to support smaller 55
	90	+	scale economic development, pedestrian safety and traffic calming 56
	91	+	improvements, establishment of or improvements to energy resiliency 57
	92	+	or clean energy projects and land acquisition and capital projects to 58
	93	+	construct, rehabilitate or renovate buildings and structures to facilitate 59
	94	+	or improve home rehabilitation programs and facilities such as libraries 60
	95	+	and senior centers; or 61
	96	+	(ii) A grant-in-aid proposed by a m unicipality, community 62
	97	+	development corporation or nonprofit organization for the purpose of 63
	98	+	providing (I) a revolving loan program, microloans or gap financing, to 64
	99	+	small businesses located within such municipality or a municipality 65
	100	+	served by such corporation or organization, including, but not limited 66
	101	+	to, a revolving loan program for improvements and repairs to exterior 67
	102	+	facades and interior spaces of commercial buildings and signage 68
	103	+	associated with such buildings, or (II) start-up funds to establish a small 69
	104	+	business in any such municipality; and 70
	105	+	(B) Such project or grant-in-aid furthers consistent and systematic 71
	106	+	fair, just and impartial treatment of all individuals, including 72
	107	+	individuals who belong to underserved and marginalized communities 73
	108	+	that have been denied such treatment, such as Black, Latino and 74
	109	+	indigenous and Native American persons; Asian Americans and Pacific 75
	110	+	Islanders and other persons of color; members of religious minorities; 76
	111	+	lesbian, gay, bisexual, transgender and queer persons and other persons 77
	112	+	comprising the LGBTQ+ community; persons who live in rural areas; 78
	113	+	and persons otherwise adversely affected by persistent poverty or 79
	114	+	inequality; and 80 Raised Bill No. 5478
	115	+
	116	+
	117	+
	118	+	LCO No. 2567 4 of 4
	119	+
66	120		This act shall take effect as follows and shall amend the following
67	121		sections:
68	122
69	123		Section 1 October 1, 2024 12-63h
	124	+	Sec. 2 July 1, 2024 32-285a(a)(3)
70	125
71		-	PD Joint Favorable Subst.
	126	+	Statement of Purpose:
	127	+	To expand the land value taxation pilot program and authorize the
	128	+	Community Investment Fund Board 2030 to provide grants-in-aid for
	129	+	certain projects.
	130	+	[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except
	131	+	that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not
	132	+	underlined.]
72	133