Connecticut 2025 Regular Session

Connecticut Senate Bill SB01445 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1
2	2
3		-	LCO 5445 1 of 3
	3	+	LCO No. 5445 1 of 3
4	4
5	5		General Assembly Raised Bill No. 1445
6	6		January Session, 2025
7	7		LCO No. 5445
8	8
9	9
10		-	Referred to Committee on PLANNING AND
11		-	DEVELOPMENT
	10	+	Referred to Committee on PLANNING AND DEVELOPMENT
12	11
13	12
14	13		Introduced by:
15	14		(PD)
	15	+
16	16
17	17
18	18
19	19		AN ACT AUTHORIZING MUNICIPALITIES TO EXEMPT MOTOR
20	20		VEHICLES FROM PROPERTY TAXATION.
21	21		Be it enacted by the Senate and House of Representatives in General
22	22		Assembly convened:
23	23
24	24		Section 1. (NEW) (Effective October 1, 2025) (a) Notwithstanding the 1
25	25		provisions of chapter 203 of the general statutes, any municipality may, 2
26	26		by ordinance adopted by its legislative body or, in a municipality where 3
27	27		the legislative body is a town meeting, its board of selectmen, exempt 4
28	28		motor vehicles from property taxation. Any municipality that adopts 5
29	29		such ordinance may, over a period not exceeding five years, phase in 6
30	30		such exemption and transition the municipal revenue loss resulting 7
31	31		from such exemption by phasing in an increase in the uniform 8
32	32		assessment rate applicable to real property and personal property other 9
33	33		than motor vehicles under subsection (b) of section 12-62a of the general 10
34	34		statutes, as amended by this act. The municipal assessor may utilize 11
35	35		methods that such assessor determines are appropriate and reasonable 12
36	36		to accomplish the purposes of this section. 13
37		-	(b) Any municipality that adopts an ordinance pursuant to 14 Raised Bill No. 1445
	37	+	(b) Any municipality that adopts an ordinance pursuant to 14
	38	+	subsection (a) of this section shall, not later than thirty days after the 15
	39	+	Raised Bill No. 1445
38	40
39	41
40		-	LCO 5445 2 of 3
41	42
42		-	subsection (a) of this section shall, not later than thirty days after the 15
	43	+	LCO No. 5445 2 of 3
	44	+
43	45		adoption of such ordinance, notify the Secretary of the Office of Policy 16
44	46		and Management in writing (1) that such municipality has adopted such 17
45	47		ordinance, (2) the assessment year for which the exemption of motor 18
46	48		vehicles from property taxation shall go into effect, and (3) the property 19
47	49		tax assessment rate selected by such municipality for each assessment 20
48	50		year until such exemption is effective. 21
49	51		(c) Not later than January 1, 2027, and annually thereafter, the 22
50	52		Secretary of the Office of Policy and Management shall submit a report, 23
51	53		in accordance with the provisions of section 11-4a of the general statutes, 24
52	54		to the joint standing committees of the General Assembly having 25
53	55		cognizance of planning and development and finance, revenue and 26
54	56		bonding concerning each municipality that has provided notice of the 27
55	57		adoption of an ordinance exempting motor vehicles from property 28
56	58		taxation pursuant to this section in the immediately preceding 29
57	59		assessment year. Such report shall include, but not be limited to, a copy 30
58	60		of any such ordinance, the assessment year for which such exemption 31
59	61		shall be effective and the property tax assessment rate selected by such 32
60	62		municipality for each assessment year until such exemption is effective. 33
61	63		The initial report required under this subsection shall include the 34
62	64		secretary's recommendations for any legislative changes the secretary 35
63	65		deems necessary to implement the provisions of this section. 36
64	66		Sec. 2. Subsections (a) and (b) of section 12-62a of the general statutes 37
65	67		are repealed and the following is substituted in lieu thereof (Effective 38
66	68		October 1, 2025): 39
67	69		(a) Each municipality, as defined in section 7-381, shall establish a 40
68	70		uniform assessment date of October first. 41
69	71		(b) Each such municipality shall assess all property for purposes of 42
70	72		the local property tax at a uniform rate of seventy per cent of present 43
71	73		true and actual value, as determined under section 12-63, except that 44
72	74		such uniform rate shall not apply to any municipality that adopts an 45
73		-	ordinance to exempt motor vehicles from property taxation pursuant to 46 Raised Bill No. 1445
	75	+	ordinance to exempt motor vehicles from property taxation pursuant to 46
	76	+	Raised Bill No. 1445
74	77
75	78
76		-	LCO 5445 3 of 3
	79	+
	80	+	LCO No. 5445 3 of 3
77	81
78	82		section 1 of this act. 47
79	83		This act shall take effect as follows and shall amend the following
80	84		sections:
81	85
82	86		Section 1 October 1, 2025 New section
83	87		Sec. 2 October 1, 2025 12-62a(a) and (b)
84	88
85		-	PD Joint Favorable
	89	+	Statement of Purpose:
	90	+	To authorize municipalities to exempt motor vehicles from property
	91	+	taxation and transition the municipal revenue loss resulting from such
	92	+	exemption by phasing in an increase in the uniform assessment rate
	93	+	applicable to real property and personal property other than motor
	94	+	vehicles.
	95	+
	96	+	[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except
	97	+	that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not
	98	+	underlined.]
86	99