LCO No. 5302 1 of 16 General Assembly Bill No. 7067 January Session, 2025 LCO No. 5302 Referred to Committee on No Committee Introduced by: REP. RITTER, 1 st Dist. SEN. LOONEY, 11 th Dist. REP. ROJAS, 9 th Dist. SEN. DUFF, 25 th Dist. AN ACT CONCERNING AN EMERGENCY CERTIFICATE OF NEED APPLICATION PROCESS FOR TRANSFERS OF OWNERSHIP OF HOSPITALS THAT HAVE FILED FOR BANKRUPTCY PROTECTION, THE ASSESSMENT OF MOTOR VEHICLES FOR PROPERTY TAXATION, A PROPERTY TAX EXEMPTION FOR VETERANS WHO ARE PERMANENTLY AND TOTALLY DISABLED AND FUNDING OF THE SPECIAL EDUCATION EXCESS COST GRANT. Be it enacted by the Senate and House of Representatives in General Assembly convened: Section 1. (NEW) (Effective from passage) (a) Notwithstanding any 1 provision of sections 19a-630 to 19a-639f, inclusive, of the general 2 statutes, any transacting parties involved in any transfer of ownership, 3 as defined in section 19a-630 of the general statutes, of a hospital 4 requiring a certificate of need pursuant to section 19a-638 of the general 5 statutes in which (1) the hospital subject to the transfer of ownership has 6 filed for bankruptcy protection in any court of competent jurisdiction, 7 and (2) a potential purchaser for such hospital has been or is required to 8 be approved by a bankruptcy court, may, at the discretion of the 9 Bill No. LCO No. 5302 2 of 16 Commissioner of Health Strategy, apply for an emergency certificate of 10 need through the emergency certificate of need application process 11 described in this section. An emergency certificate of need issued by the 12 Health Systems Planning Unit of the Office of Health Strategy pursuant 13 to the provisions of this section and any conditions imposed on such 14 issuance shall apply to the applicant applying for the emergency 15 certificate of need, the hospital subject to the transfer of ownership and 16 any subsidiary or group practice that would otherwise require a 17 certificate of need pursuant to the provisions of section 19a-638 of the 18 general statutes and that is also subject to the transfer of ownership as 19 part of the bankruptcy proceeding. The availability of the emergency 20 certificate of need application process described in this section shall not 21 affect any existing certificate of need issued pursuant to the provisions 22 of sections 19a-630 to 19a-639f, inclusive, of the general statutes. 23 (b) (1) The unit shall develop an emergency certificate of need 24 application, which shall identify any data required to be submitted with 25 such application that the unit deems necessary to analyze the effects of 26 a hospital's transfer of ownership on health care costs, quality and access 27 in the affected market. If a potential purchaser of a hospital, described 28 in subsection (a) of this section, is a for-profit entity, the unit's 29 emergency certificate of need application may require additional 30 information or data intended to ensure that the ongoing operation of the 31 hospital after the transfer of ownership will be maintained in the public 32 interest. The commissioner shall post any emergency certificate of need 33 application developed pursuant to the provisions of this subdivision on 34 the Office of Health Strategy's Internet web site and may modify any 35 data required to be submitted with an emergency certificate of need 36 application, provided the commissioner posts any such modification to 37 the office's Internet web site not later than fifteen days before such a 38 modification becomes effective. 39 (2) An applicant seeking an emergency certificate of need shall 40 submit an emergency certificate of need application to the unit in a form 41 and manner prescribed by the commissioner. 42 Bill No. LCO No. 5302 3 of 16 (3) An emergency certificate of need application shall be deemed 43 complete on the date the unit determines that an applicant has 44 submitted a complete application, including data required by the unit 45 pursuant to subdivision (1) of this subsection. The unit shall determine 46 whether an application is complete not later than three business days 47 after an applicant submits an application. If, after making such a 48 determination, the unit deems an application incomplete, the unit shall, 49 not more than three business days after deeming such application 50 incomplete, notify the applicant that such application is incomplete and 51 identify any application or data elements that were not adequately 52 addressed by the applicant. The unit shall not review such an 53 application until the applicant submits any such application or data 54 elements to the unit. 55 (4) The unit may hold a public hearing on an emergency certificate of 56 need application, provided (A) the unit holds such public hearing not 57 later than thirty days after such application is deemed complete, and (B) 58 the unit notifies the applicant of such public hearing not less than five 59 days before the date of the public hearing. Any such public hearing or 60 any other proceeding related to the emergency certificate of need 61 application process described in this section shall not be considered a 62 contested case pursuant to the provisions of chapter 54 of the general 63 statutes. Members of the public may submit public comments at any 64 time during the emergency certificate of need application process and 65 may request the unit to exercise its discretion to hold a public hearing 66 pursuant to the provisions of this subdivision. 67 (5) When evaluating an emergency certificate of need application, the 68 unit may consult any person and consider any relevant information, 69 provided, unless prohibited by federal or state law, the unit includes 70 any opinion or information gathered from consulting any such person 71 and any such relevant information considered in the record relating to 72 the emergency certificate of need application and cites any such opinion 73 or information and any such relevant information considered in its final 74 decision on the emergency certificate of need application. The unit may 75 Bill No. LCO No. 5302 4 of 16 contract with one or more third-party consultants, at the expense of the 76 applicant, to analyze (A) the anticipated effect of the hospital's transfer 77 of ownership on access, cost and quality of health care in the affected 78 community, and (B) any other issue arising from the application review 79 process. The aggregate cost of any such third-party consultations shall 80 not exceed two hundred thousand dollars. Any reports or analyses 81 generated by any such third-party consultant that the unit considers in 82 issuing its final decision on an emergency certificate of need application 83 shall, unless otherwise prohibited by federal or state law, be included in 84 the record relating to the emergency certificate of need application. The 85 provisions of chapter 57 of the general statutes and sections 4-212 to 4-86 219, inclusive, and 4e-19 of the general statutes shall not apply to any 87 retainer agreement executed pursuant to this subsection. 88 (c) (1) The unit shall issue a final decision on an emergency certificate 89 of need application not later than sixty days after such application is 90 deemed complete. The unit's final decision shall articulate the 91 anticipated effect of the hospital's transfer of ownership on access, cost 92 and quality of health care in the affected community, including an 93 assessment of the effect on health care market concentration and health 94 care access for Medicaid recipients. When issuing a final decision, the 95 unit shall consider the effect of the hospital's bankruptcy on the patients 96 and communities served by the hospital and the applicant's plans to 97 restore financial viability. 98 (2) The unit may impose any condition on an approval of an 99 emergency certificate of need application, provided any such condition 100 is consistent with the purposes of sections 19a-630 to 19a-639f, inclusive, 101 of the general statutes. Before imposing any condition, the unit shall 102 weigh the value of imposing such condition in promoting the purposes 103 of sections 19a-630 to 19a-639f, inclusive, of the general statutes with the 104 cumulative burden of imposing such condition on the applicant and any 105 other transacting parties in the hospital's transfer of ownership. If the 106 unit imposes any condition on an approval of an emergency certificate 107 of need application, the unit's final decision shall include a concise 108 Bill No. LCO No. 5302 5 of 16 statement of (A) the legal and factual basis for such condition, and (B) 109 which criterion of health care cost, quality or access in the affected area 110 that the unit intends such condition to promote. Each condition shall be 111 reasonably tailored in time and scope. The applicant and any other 112 transacting parties in the hospital's transfer of ownership may request 113 an amendment to or relief from any condition, in a form and manner 114 prescribed by the unit, due to changed circumstances, hardship or for 115 other good cause. The unit may grant or deny any such request. 116 (d) The unit's final decision on an emergency certificate of need 117 application, including any conditions imposed on the approval of such 118 an application, shall not be subject to appeal. 119 Sec. 2. Subdivision (7) of subsection (b) of section 12-63 of the general 120 statutes is repealed and the following is substituted in lieu thereof 121 (Effective from passage and applicable to assessment years commencing on or 122 after October 1, 2024): 123 (7) [For] (A) Except as provided in subparagraph (B) of this 124 subdivision, for assessment years commencing on or after October 1, 125 2024, the following schedule of depreciation shall be applicable with 126 respect to motor vehicles based on the manufacturer's suggested retail 127 price of such motor vehicles, provided no motor vehicle shall be 128 assessed at an amount less than five hundred dollars: 129 T1 Percentage of T2 Manufacturer's Suggested T3 Age of Vehicle Retail Price T4 T5 Up to year one Eighty-five per cent T6 Year two Eighty per cent T7 Year three Seventy-five per cent T8 Year four Seventy per cent T9 Year five Sixty-five per cent T10 Year six Sixty per cent Bill No. LCO No. 5302 6 of 16 T11 Year seven Fifty-five per cent T12 Year eight Fifty per cent T13 Year nine Forty-five per cent T14 Year ten Forty per cent T15 Year eleven Thirty-five per cent T16 Year twelve Thirty per cent T17 Year thirteen Twenty-five per cent T18 Year fourteen Twenty per cent T19 Years fifteen to nineteen Fifteen per cent T20 Years twenty and beyond Not less than T21 five hundred dollars (B) For assessment years commencing on or after October 1, 2024, any 130 municipality may, by vote of its legislative body, or in a municipality 131 where the legislative body is a town meeting, by vote of its board of 132 selectmen, elect to apply the following modified schedule of 133 depreciation with respect to motor vehicles based on the manufacturer's 134 suggested retail price of such motor vehicles, provided no motor vehicle 135 shall be assessed at an amount less than five hundred dollars: 136 T22 Percentage of T23 Manufacturer's Suggested T24 Age of Vehicle Retail Price T25 T26 Up to year one Ninety per cent T27 Year two Eighty-five per cent T28 Year three Eighty per cent T29 Year four Seventy-five per cent T30 Year five Seventy per cent T31 Year six Sixty-five per cent T32 Year seven Sixty per cent T33 Year eight Fifty-five per cent T34 Year nine Fifty per cent Bill No. LCO No. 5302 7 of 16 T35 Year ten Forty-five per cent T36 Year eleven Forty per cent T37 Year twelve Thirty-five per cent T38 Year thirteen Thirty per cent T39 Year fourteen Twenty-five per cent T40 Years fifteen to nineteen Twenty per cent T41 Years twenty and beyond Not less than T42 five hundred dollars Any municipality that elects to apply the modified schedule of 137 depreciation described in this subparagraph shall, not later than 138 fourteen days after such election, notify the Secretary of the Office of 139 Policy and Management, in a form and manner prescribed by the 140 secretary, of such election and the first assessment year for which such 141 schedule shall be effective. 142 Sec. 3. (Effective from passage) In each municipality that elects to apply 143 the modified schedule of depreciation for motor vehicles described in 144 subparagraph (B) of subdivision (7) of subsection (b) of section 12-63 of 145 the general statutes, as amended by this act, for the assessment year 146 commencing October 1, 2024, in which the grand list for said assessment 147 year has been published and lodged for public inspection on or before 148 the effective date of this section: 149 (1) Notwithstanding the provisions of section 12-55 of the general 150 statutes, such municipality's assessor or board of assessors may 151 disregard, adjust and republish said grand list not later than April 15, 152 2025; 153 (2) Notwithstanding the provisions of subsection (b) of section 12-110 154 of the general statutes, such municipality's board of assessment appeals 155 shall meet to hear appeals related to the assessment of property during 156 the period commencing forty-five days after the effective date of this 157 section and concluding sixty days after the effective date of this section, 158 Bill No. LCO No. 5302 8 of 16 on business days as described in said subsection; 159 (3) Notwithstanding the provisions of subdivision (1) of subsection 160 (a) of section 12-111 of the general statutes and section 12-112 of the 161 general statutes, appeals from the doings of such municipality's 162 assessors shall be heard or entertained by such municipality's board of 163 assessment appeals if such appeal is made on or before the thirtieth day 164 after the effective date of this section; 165 (4) Notwithstanding the provisions of subdivisions (1) and (2) of 166 subsection (a) of section 12-111 of the general statutes, such 167 municipality's board of assessment appeals shall notify each taxpayer 168 who filed an appeal, whether to advise of the date, time and place of the 169 appeal hearing or to advise that such board has elected not to conduct 170 an appeal hearing, not later than sixty days after the effective date of this 171 section; 172 (5) Notwithstanding the provisions of section 12-120 of the general 173 statutes, such municipality's assessor or board of assessors shall 174 transmit to the Secretary of the Office of Policy and Management not 175 later than ninety days after the effective date of this section an abstract 176 of the assessment list that has been examined and corrected by the board 177 of assessment appeals; and 178 (6) Notwithstanding the provisions of section 12-142 of the general 179 statutes, title 7 of the general statutes, chapter 204 of the general statutes, 180 any special act, any municipal charter or any home rule ordinance, if 181 such municipality has adopted a budget or levied taxes for the fiscal 182 year ending June 30, 2026, such municipality may, not later than June 183 15, 2025, (A) amend its budget in the same manner as such budget was 184 originally adopted, and (B) adjust the tax levy and the amount of any 185 remaining installments of such taxes. If such municipality has levied a 186 tax that was due and payable in a single installment for the fiscal year 187 ending June 30, 2026, such municipality may mail or hand deliver to 188 persons liable therefor a supplemental rate bill for any additional tax 189 Bill No. LCO No. 5302 9 of 16 levy resulting pursuant to subparagraph (B) of this subdivision. The 190 amendment to such grand list or budget shall be an amount reflecting 191 such modified schedule of depreciation. 192 Sec. 4. Subdivision (83) of section 12-81 of the general statutes is 193 repealed and the following is substituted in lieu thereof (Effective from 194 passage and applicable to assessment years commencing on or after October 1, 195 2024): 196 (83) (A) (i) A dwelling, including a condominium, as defined in 197 section 47-68a, and a unit in a common interest community, as defined 198 in section 47-202, that is (I) owned by any resident of this state who has 199 served in the Army, Navy, Marine Corps, Coast Guard, Air Force or 200 Space Force of the United States and has been determined by the United 201 States Department of Veterans Affairs to be permanently and totally 202 disabled based on a service-connected [permanent and total] disability 203 rating [as determined by the United States Department of Veterans 204 Affairs] of one hundred per cent, and (II) occupied by such resident as 205 the resident's primary residence, or (ii) lacking such residence, one 206 motor vehicle owned by such resident and garaged in this state. 207 (B) If such resident lacks such dwelling or motor vehicle in such 208 resident's name, the dwelling or motor vehicle, as applicable, belonging 209 to or held in trust for such resident's spouse, who is domiciled with such 210 resident, shall be so exempt. When any resident entitled to an exemption 211 under the provisions of this subdivision has died, the dwelling or motor 212 vehicle, as applicable, belonging to, or held in trust for, such deceased 213 resident's surviving spouse, while such spouse remains a widow or 214 widower, or belonging to or held in trust for such deceased resident's 215 minor children during their minority, or both, while they are residents 216 of this state, shall be so exempt as that to which such resident was or 217 would have been entitled at the time of such resident's death. 218 (C) No individual entitled to the exemption under this subdivision 219 and under one or more of subdivisions (19), (22), (23), (25) and (26) of 220 Bill No. LCO No. 5302 10 of 16 this section shall receive more than one exemption. 221 (D) (i) No individual shall receive any exemption to which such 222 individual is entitled under this subdivision until such individual has 223 complied with section 12-95, and has submitted proof of such 224 individual's [disability rating, as determined] determination by the 225 United States Department of Veterans Affairs, to the assessor of the 226 town in which the exemption is sought. If there is no change to an 227 individual's [disability rating] determination, such proof shall not be 228 required for any assessment year following that for which the 229 exemption under this subdivision is granted initially. If the United 230 States Department of Veterans Affairs modifies an individual's 231 [disability rating] determination to other than permanently and totally 232 disabled based on a service-connected [permanent and total] disability 233 rating of one hundred per cent, such modification shall be deemed a 234 waiver of the right to the exemption under this subdivision. Any such 235 individual whose [disability rating] determination was modified to 236 other than permanently and totally disabled based on a service-237 connected [permanent and total] disability rating of one hundred per 238 cent may seek the exemption under subdivision (20) of this section. 239 (ii) Any individual who has been unable to submit evidence of 240 [disability rating] such determination by the United States Department 241 of Veterans Affairs in the manner required by this subdivision, or who 242 has failed to submit such evidence as provided in section 12-95, may, 243 when such individual obtains such evidence, make application to the 244 tax collector not later than one year after such individual obtains such 245 proof or not later than one year after the expiration of the time limited 246 in section 12-95, as the case may be, for abatement in case the tax has not 247 been paid, or for refund in case the whole tax or part of the tax has been 248 paid. Such abatement or refund may be granted retroactively to include 249 the assessment day next succeeding the date as of which such individual 250 was entitled to such [disability rating as determined] determination by 251 the United States Department of Veterans Affairs, but in no case shall 252 any abatement or refund be made for a period greater than three years. 253 Bill No. LCO No. 5302 11 of 16 (iii) The tax collector shall, after examination of such application, refer 254 the same, with the tax collector's recommendations thereon, to the board 255 of selectmen of a town or to the corresponding authority of any other 256 municipality, and shall certify to the amount of abatement or refund to 257 which the applicant is entitled. Upon receipt of such application and 258 certification, the selectmen or other duly constituted authority shall, in 259 case the tax has not been paid, issue a certificate of abatement or, in case 260 the whole tax or part of the tax has been paid, draw an order upon the 261 treasurer in favor of such applicant for such amount, without interest. 262 Any action so taken by such selectmen or other authority shall be a 263 matter of record and the tax collector shall be notified in writing of such 264 action. 265 Sec. 5. Subdivision (20) of section 12-81 of the general statutes is 266 repealed and the following is substituted in lieu thereof (Effective from 267 passage and applicable to assessment years commencing on or after October 1, 268 2024): 269 (20) (A) Subject to the provisions hereinafter stated, property not 270 exceeding three thousand five hundred dollars in amount shall be 271 exempt from taxation, which property belongs to, or is held in trust for, 272 any resident of this state who has served, or is serving, in the Army, 273 Navy, Marine Corps, Coast Guard, Air Force or Space Force of the 274 United States and (i) has a disability rating as determined by the United 275 States Department of Veterans Affairs amounting to ten per cent or 276 more of total disability, other than a determination of being 277 permanently and totally disabled based on a service-connected 278 [permanent and total] disability rating of one hundred per cent, 279 provided such exemption shall be two thousand dollars in any case in 280 which such rating is between ten per cent and twenty-five per cent; two 281 thousand five hundred dollars in any case in which such rating is more 282 than twenty-five per cent but not more than fifty per cent; three 283 thousand dollars in any case in which such rating is more than fifty per 284 cent but not more than seventy-five per cent; and three thousand five 285 hundred dollars in any case in which such resident has attained sixty-286 Bill No. LCO No. 5302 12 of 16 five years of age or such rating is more than seventy-five per cent; or (ii) 287 is receiving a pension, annuity or compensation from the United States 288 because of the loss in service of a leg or arm or that which is considered 289 by the rules of the United States Pension Office or the Bureau of War 290 Risk Insurance the equivalent of such loss. 291 (B) If such veteran lacks such amount of property in such veteran's 292 name, so much of the property belonging to, or held in trust for, such 293 veteran's spouse, who is domiciled with such veteran, as is necessary to 294 equal such amount shall also be so exempt. When any veteran entitled 295 to an exemption under the provisions of this subdivision has died, 296 property belonging to, or held in trust for, such deceased veteran's 297 surviving spouse, while such spouse remains a widow or widower, or 298 belonging to or held in trust for such deceased veteran's minor children 299 during their minority, or both, while they are residents of this state, shall 300 be exempt in the same aggregate amount as that to which the disabled 301 veteran was or would have been entitled at the time of such veteran's 302 death. 303 (C) No individual entitled to the exemption under this subdivision 304 and under one or more of subdivisions (19), (22), (23), (25) and (26) of 305 this section shall receive more than one exemption. 306 (D) (i) No individual shall receive any exemption to which such 307 individual is entitled under this subdivision until such individual has 308 complied with section 12-95 and has submitted proof of such 309 individual's disability rating, as determined by the United States 310 Department of Veterans Affairs, to the assessor of the town in which the 311 exemption is sought. If there is no change to an individual's disability 312 rating, such proof shall not be required for any assessment year 313 following that for which the exemption under this subdivision is 314 granted initially. If the United States Department of Veterans Affairs 315 modifies a veteran's disability rating, such modification shall be deemed 316 a waiver of the right to the exemption under this subdivision until proof 317 of disability rating is submitted to the assessor and the right to such 318 Bill No. LCO No. 5302 13 of 16 exemption is established as required initially, except that if such 319 disability rating is modified to a determination that such veteran is 320 permanently and totally disabled based on a service-connected 321 [permanent and total] disability rating of one hundred per cent, such 322 veteran may seek the exemption under subdivision (83) of this section. 323 (ii) Any individual who has been unable to submit evidence of 324 disability rating in the manner required by this subdivision, or who has 325 failed to submit such evidence as provided in section 12-95, may, when 326 such individual obtains such evidence, make application to the tax 327 collector not later than one year after such individual obtains such proof 328 or not later than one year after the expiration of the time limited in 329 section 12-95, as the case may be, for abatement in case the tax has not 330 been paid, or for refund in case the whole tax has been paid, of such part 331 or the whole of such tax as represents the service exemption. Such 332 abatement or refund may be granted retroactively to include the 333 assessment day next succeeding the date as of which such person was 334 entitled to such disability rating as determined by the United States 335 Department of Veterans Affairs, but in no case shall any abatement or 336 refund be made for a period greater than three years. 337 (iii) The tax collector shall, after examination of such application, refer 338 the same, with the tax collector's recommendations thereon, to the board 339 of selectmen of a town or to the corresponding authority of any other 340 municipality, and shall certify to the amount of abatement or refund to 341 which the applicant is entitled. Upon receipt of such application and 342 certification, the selectmen or other duly constituted authority shall, in 343 case the tax has not been paid, issue a certificate of abatement or, in case 344 the whole tax has been paid, draw an order upon the treasurer in favor 345 of such applicant for the amount, without interest, that represents the 346 service exemption. Any action so taken by such selectmen or other 347 authority shall be a matter of record and the tax collector shall be 348 notified in writing of such action; 349 Sec. 6. (Effective from passage) In each municipality in which the grand 350 Bill No. LCO No. 5302 14 of 16 list for the assessment year commencing October 1, 2024, has been 351 published and lodged for inspection on or before the effective date of 352 this section: 353 (1) Notwithstanding the provisions of section 12-55 of the general 354 statutes, such municipality's assessor or board of assessors may 355 disregard, adjust and republish said grand list not later than April 15, 356 2025; 357 (2) Notwithstanding the provisions of subsection (b) of section 12-110 358 of the general statutes, such municipality's board of assessment appeals 359 shall meet to hear appeals related to the assessment of property during 360 the period commencing forty-five days after the effective date of this 361 section and concluding sixty days after the effective date of this section, 362 on business days as described in said subsection; 363 (3) Notwithstanding the provisions of subdivision (1) of subsection 364 (a) of section 12-111 of the general statutes and section 12-112 of the 365 general statutes, appeals from the doings of such municipality's 366 assessors shall be heard or entertained by such municipality's board of 367 assessment appeals if such appeal is made on or before the thirtieth day 368 after the effective date of this section; 369 (4) Notwithstanding the provisions of subdivisions (1) and (2) of 370 subsection (a) of section 12-111 of the general statutes, such 371 municipality's board of assessment appeals shall notify each taxpayer 372 who filed an appeal, whether to advise of the date, time and place of the 373 appeal hearing or to advise that such board has elected not to conduct 374 an appeal hearing, not later than sixty days after the effective date of this 375 section; 376 (5) Notwithstanding the provisions of section 12-120 of the general 377 statutes, such municipality's assessor or board of assessors shall 378 transmit to the Secretary of the Office of Policy and Management not 379 later than ninety days after the effective date of this section an abstract 380 of the assessment list that has been examined and corrected by the board 381 Bill No. LCO No. 5302 15 of 16 of assessment appeals; and 382 (6) Notwithstanding the provisions of section 12-142 of the general 383 statutes, title 7 of the general statutes, chapter 204 of the general statutes, 384 any special act, any municipal charter or any home rule ordinance, if 385 such municipality has adopted a budget or levied taxes for the fiscal 386 year ending June 30, 2026, such municipality may, not later than June 387 15, 2025, (A) amend its budget in the same manner as such budget was 388 originally adopted, and (B) adjust the tax levy and the amount of any 389 remaining installments of such taxes. If such municipality has levied a 390 tax that was due and payable in a single installment for the fiscal year 391 ending June 30, 2026, such municipality may mail or hand deliver to 392 persons liable therefor a supplemental rate bill for any additional tax 393 levy resulting pursuant to subparagraph (B) of this subdivision. 394 Sec. 7. (Effective from passage) The following sum is appropriated from 395 the GENERAL FUND for the purpose herein specified for the fiscal year 396 ending June 30, 2025: 397 T43 GENERAL FUND 2024-2025 T44 T45 DEPARTMENT OF EDUCATION T46 Excess Cost - Student Based 40,000,000 T47 T48 TOTAL – GENERAL FUND 40,000,000 This act shall take effect as follows and shall amend the following sections: Section 1 from passage New section Sec. 2 from passage and applicable to assessment years commencing on or after October 1, 2024 12-63(b)(7) Sec. 3 from passage New section Bill No. LCO No. 5302 16 of 16 Sec. 4 from passage and applicable to assessment years commencing on or after October 1, 2024 12-81(83) Sec. 5 from passage and applicable to assessment years commencing on or after October 1, 2024 12-81(20) Sec. 6 from passage New section Sec. 7 from passage New section