CT HB06395

Establishes the "Elderly Homeowner Property Tax Revolving Loan Fund" effective July 1, 2015, funded by loan repayments and investment earnings to assist qualifying elderly homeowners with unpaid property taxes.

Defines "elderly homeowner" as property owners age 65 or older who have resided in their municipality for at least 10 years and have qualifying income not exceeding limits set in section 12-170aa of the general statutes.

Authorizes the Secretary of the Office of Policy and Management to provide low-interest loans to elderly homeowners who have unpaid property taxes for at least two assessment years, provided the property is not otherwise encumbered and the loan does not exceed the amount of unpaid taxes.

Grants the state a lien on the property for the loan amount plus prevailing rate interest, with priority over all liens except municipal property tax liens.

Permits elderly homeowners receiving loans to remain eligible for other property tax relief benefits under sections 12-129b, 12-129c, 12-129n, and 12-170aa of the general statutes.