Old | New | Differences | |
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1 | 1 | ||
2 | 2 | ||
3 | 3 | LCO No. 1916 1 of 1 | |
4 | 4 | ||
5 | 5 | General Assembly Proposed Bill No. 741 | |
6 | 6 | January Session, 2025 | |
7 | 7 | LCO No. 1916 | |
8 | 8 | ||
9 | 9 | ||
10 | 10 | Referred to Committee on FINANCE, REVENUE AND | |
11 | 11 | BONDING | |
12 | 12 | ||
13 | 13 | ||
14 | 14 | Introduced by: | |
15 | 15 | SEN. LOONEY, 11th Dist. | |
16 | 16 | ||
17 | 17 | ||
18 | 18 | ||
19 | 19 | AN ACT CONCERNING A STATE -WIDE PROPERTY TAX ON CERTAIN | |
20 | 20 | RESIDENTIAL REAL PROPERTY. | |
21 | 21 | Be it enacted by the Senate and House of Representatives in General | |
22 | 22 | Assembly convened: | |
23 | 23 | ||
24 | 24 | That the general statutes be amended to establish a state-wide 1 | |
25 | 25 | property tax at the rate of (1) 2 mills on residential real property with an 2 | |
26 | 26 | assessed value of more than three million dollars but less than five 3 | |
27 | 27 | million dollars, (2) 3 mills on residential real property with an assessed 4 | |
28 | 28 | value of five million dollars or more but less than ten million dollars, 5 | |
29 | 29 | and (3) 4 mills on residential real property with an assessed value of ten 6 | |
30 | 30 | million dollars or more, and to dedicate such revenue to fully fund the 7 | |
31 | 31 | equalization aid grants under section 10-262h of the general statutes. 8 | |
32 | 32 | Statement of Purpose: | |
33 | 33 | To establish a state-wide property tax on residential real property with | |
34 | 34 | assessed values of more than three million dollars and to dedicate such | |
35 | 35 | revenue to fully fund the equalization aid grants under section 10-262h | |
36 | 36 | of the general statutes. |