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CT HB06324

Bill

Official Source

Status

Introduced

1/31/2013

Primary Sponsor

Planning and Development Committee

Click for details

Origin

House of Representatives

2013 General Assembly

AI Summary

  • Municipalities may adopt ordinances to abate up to 100 percent of property taxes on new or newly acquired personal property owned by small businesses
  • Abatement eligibility criteria are established by each municipality through ordinance
  • Tax abatement period cannot exceed three consecutive tax years
  • "Small business" defined as a business entity employing no more than 50 full-time employees as of the assessment date
  • "Full-time employee" means an employee working at least 35 hours per week who is not temporary or seasonal; effective October 1, 2013

Legislative Description

An Act Establishing A Municipal Option To Abate Property Taxes For Small Businesses.

Last Action

Referred to Joint Committee on Planning and Development

1/31/2013

Committee Referrals

Planning and Development1/31/2013

Full Bill Text

No bill text available