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CT HB07060

Bill

Status

Passed

7/2/2015

Primary Sponsor

Finance, Revenue and Bonding Committee

Click for details

Origin

House of Representatives

2015 General Assembly

AI Summary

  • Allows eligible persons in Durham, North Branford, Windsor, New Haven, and Hartford to file late tax exemption applications within 30 days of the act's effective date (July 1, 2015) and pay applicable late filing fees, with towns reimbursing overpaid taxes upon approval.

  • Extends the land value taxation pilot program deadline from December 31, 2014 to December 31, 2015, and prohibits municipalities that previously participated from reapplying to the program.

  • Extends the Steel Point project in Bridgeport's financial assistance period from June 30, 2015 to June 30, 2020, maintaining the $40 million aggregate limit.

  • Extends the Bridgeport Downtown District merger deadline from 10 years to 15 years after July 1, 2005, contingent on no bonds being issued during that period.

  • Exempts mixed-use development projects in West Haven with at least 200,000 square feet of retail and entertainment space (south of the New England Thruway and east of First Avenue) from financial assistance limitations through July 1, 2020, and exempts Atlantic League baseball games at Bridgeport's Ballpark at Harbor Yard from admissions tax from July 1, 2015 to June 30, 2017.

Legislative Description

An Act Concerning The Failure To File For Certain Tax Exemptions, The Extension Of Certain Tax Credits And Development Programs, Exemptions From Certain Financial Assistance And Admissions Tax Requirements, And Validations.

Last Action

Signed by the Governor

7/2/2015

Committee Referrals

Finance, Revenue and Bonding4/16/2015

Full Bill Text

No bill text available