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CT HB05140

Bill

Official Source

Status

Passed

6/6/2014

Primary Sponsor

Planning and Development Committee

Click for details

Origin

House of Representatives

2014 General Assembly

AI Summary

  • Amends Section 12-129n of the general statutes to expand property tax relief eligibility to include real property held in trust and occupied as a principal residence
  • Applies to residents age 65 and over, surviving spouses of qualified taxpayers, or individuals under 65 with permanent total disability benefits from federal, state, or local government retirement plans
  • Requires recipients to have been taxpayers in the municipality for at least one year immediately preceding application and meet maximum income requirements established by the municipality
  • Effective October 1, 2014 for assessment years commencing on or after that date
  • Caps total property tax relief when combined with other relief programs (sections 12-129b to 12-129d and 12-170aa) at the amount of tax owed

Legislative Description

An Act Concerning Property Tax Relief On Certain Real Property Held In Trust.

Last Action

Signed by the Governor

6/6/2014

Committee Referrals

Finance, Revenue and Bonding3/12/2014
Planning and Development2/13/2014

Full Bill Text

No bill text available