CT HB06965

Property acquired on or after July 1, 2015 by private nonprofit institutions of higher learning, nonprofit general hospital facilities, freestanding chronic disease hospitals, or certain urgent care facilities becomes taxable to municipalities under chapters 201, 203, and 204 of the general statutes.

Properties acquired prior to July 1, 2015 by these same entities remain eligible for state grants in lieu of taxes as determined annually by the Secretary of the Office of Policy and Management.

Tax exemption for real and personal property of charitable organizations under section 12-81(7) is made subject to the acquisition date requirement established in Section 1.

Tax exemption for property of Connecticut hospital societies, corporations, and sanatoriums under section 12-81(16) is made subject to the acquisition date requirement established in Section 1.

Section 1 takes effect upon passage; Sections 2, 3, and 4 take effect October 1, 2015 and apply to assessment years commencing on or after that date.