Connecticut 2025 Regular Session

Connecticut Senate Bill SB00741 Compare Versions

Only one version of the bill is available at this time.
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33 LCO No. 1916 1 of 1
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55 General Assembly Proposed Bill No. 741
66 January Session, 2025
77 LCO No. 1916
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1010 Referred to Committee on FINANCE, REVENUE AND
1111 BONDING
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1414 Introduced by:
1515 SEN. LOONEY, 11th Dist.
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1919 AN ACT CONCERNING A STATE -WIDE PROPERTY TAX ON CERTAIN
2020 RESIDENTIAL REAL PROPERTY.
2121 Be it enacted by the Senate and House of Representatives in General
2222 Assembly convened:
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2424 That the general statutes be amended to establish a state-wide 1
2525 property tax at the rate of (1) 2 mills on residential real property with an 2
2626 assessed value of more than three million dollars but less than five 3
2727 million dollars, (2) 3 mills on residential real property with an assessed 4
2828 value of five million dollars or more but less than ten million dollars, 5
2929 and (3) 4 mills on residential real property with an assessed value of ten 6
3030 million dollars or more, and to dedicate such revenue to fully fund the 7
3131 equalization aid grants under section 10-262h of the general statutes. 8
3232 Statement of Purpose:
3333 To establish a state-wide property tax on residential real property with
3434 assessed values of more than three million dollars and to dedicate such
3535 revenue to fully fund the equalization aid grants under section 10-262h
3636 of the general statutes.