CT HB05182

Amends section 12-81(4) of Connecticut general statutes to add "real and personal property leased to a municipal corporation" to existing tax exemption provisions for municipal property.

Expands tax exemption eligibility to include leased property in addition to property belonging to or held in trust for municipal corporations, provided it is used for a public purpose.

Exemption applies to leased municipal property used for cemetery purposes and other public purposes.

Effective October 1, 2016, and applicable to assessment years commencing on or after October 1, 2016.