CT HB05537

Establishes a discretionary preservation easement program allowing municipalities to reduce property taxes for historic agricultural structures at least 75 years old that are conveyed to the municipality for 10-year terms.

Property tax payment amounts set by municipal legislative bodies must be between 25% and 75% of normal property tax and remain fixed for the easement term.

Eligible structures must provide scenic enjoyment from public roads, possess local/regional/state/national historic importance, or contribute to National Register or state register historic properties.

Owners applying by July 1st must certify they will maintain historic integrity; municipalities must hold public hearings and decide within 60 days, with decisions not subject to appeal.

Early release penalties of 10% of normal property tax apply if owners request release due to hardship or if municipalities terminate for non-compliance, except when structures are destroyed by fire, storm, or unforeseen circumstances.