| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | ||
| 3 | 3 | LCO No. 129 1 of 2 | |
| 4 | 4 | ||
| 5 | 5 | General Assembly Proposed Bill No. 465 | |
| 6 | 6 | January Session, 2025 | |
| 7 | 7 | LCO No. 129 | |
| 8 | 8 | ||
| 9 | 9 | ||
| 10 | 10 | Referred to Committee on PLANNING AND DEVELOPMENT | |
| 11 | 11 | ||
| 12 | 12 | ||
| 13 | 13 | Introduced by: | |
| 14 | 14 | SEN. ANWAR, 3rd Dist. | |
| 15 | 15 | ||
| 16 | 16 | ||
| 17 | 17 | ||
| 18 | 18 | AN ACT CONCERNING PROPERTY TAX EXEMPTIONS FOR CERTAIN | |
| 19 | 19 | LONG-TERM HOMEOWNERS. | |
| 20 | 20 | Be it enacted by the Senate and House of Representatives in General | |
| 21 | 21 | Assembly convened: | |
| 22 | 22 | ||
| 23 | 23 | That chapter 203 of the general statutes be amended to (1) establish a 1 | |
| 24 | 24 | municipal option to exempt from property taxation twenty per cent of 2 | |
| 25 | 25 | the assessed value of a primary residence continuously owned by the 3 | |
| 26 | 26 | same taxpayer for at least twenty years but fewer than twenty-five 4 | |
| 27 | 27 | years, (2) exempt from property taxation (A) twenty-five per cent of the 5 | |
| 28 | 28 | assessed value of a primary residence continuously owned by the same 6 | |
| 29 | 29 | taxpayer for at least twenty-five years, and (B) thirty per cent of the 7 | |
| 30 | 30 | assessed value of a primary residence continuously owned by the same 8 | |
| 31 | 31 | taxpayer for at least thirty years, and (3) require the Office of Policy and 9 | |
| 32 | 32 | Management to (A) in coordination with municipal tax assessors, create 10 | |
| 33 | 33 | a standard application for such exemptions, which shall be returnable 11 | |
| 34 | 34 | to municipal tax assessors and require proof of continuous ownership 12 | |
| 35 | 35 | and the use of a subject property as a primary residence, and (B) provide 13 | |
| 36 | 36 | guidance to municipalities concerning the uniform application of such 14 | |
| 37 | 37 | exemptions and the management of any resulting fiscal impact. 15 Proposed Bill No. 465 | |
| 38 | 38 | ||
| 39 | 39 | ||
| 40 | 40 | LCO No. 129 2 of 2 | |
| 41 | 41 | ||
| 42 | 42 | Statement of Purpose: | |
| 43 | 43 | To provide property tax exemptions for certain long-term homeowners. |