CT SB00130

Establishes a pilot program in up to three municipalities to develop and implement land value taxation systems that separately classify and tax land and buildings at different mill rates, with higher rates applied to land.

Removes previous eligibility requirements limiting participation to distressed municipalities with populations under 26,000 and city manager/council government structures.

Requires the Secretary of the Office of Policy and Management to establish application procedures and selection criteria, with notification sent to the joint standing committee on planning and development.

Mandates appointed municipal committees of taxpayers and stakeholders prepare implementation plans identifying geographic areas for differentiated tax rates and addressing legal and administrative issues, with deadline for submission to legislative committees by December 31, 2012.

Takes effect October 1, 2011 and amends Section 12-63h of the general statutes.