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CT SB00114
Bill
Status
Passed
6/6/2014
Primary Sponsor
Planning and Development Committee
Click for details
AI Summary
- Municipalities may adopt an ordinance establishing a property tax abatement program for historic agricultural structures, with abatement terms up to ten years
- Property owners must apply for abatement and offer to grant a preservation easement to the municipality; the legislative body establishes a fixed property tax payment amount reflecting the public benefit received
- Historic agricultural structures eligible for the program include barns on the National Register or state register of historic places, or structures at least 75 years old that provide scenic enjoyment, are historically important, or contribute to listed historic properties
- The legislative body may release a preservation easement if the owner faces extreme personal hardship or if the structure is significantly damaged by fire, storm, or other unforeseen circumstances beyond the owner's control
- The legislative body may terminate an easement and levy an early release penalty if the owner fails to maintain the historic agricultural structure according to the easement agreement
Legislative Description
An Act Establishing A Property Tax Program To Encourage The Preservation Of Historic Agricultural Structures.
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