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CT HB05596
Bill
Status
Passed
6/7/2016
Primary Sponsor
Finance, Revenue and Bonding Committee
Click for details
AI Summary
- Commissioner of Revenue Services must conduct a study of state laws governing sales and use tax, personal income tax, and corporation business tax, with results reported to the joint standing committee on finance, revenue and bonding by January 1, 2017.
- Municipalities of Madison, Naugatuck, and Stafford may delay required real property revaluations from the assessment year commencing October 1, 2017 to the assessment year commencing October 1, 2018, subject to approval by each municipality's legislative body.
- Rate makers in municipalities that elect to delay revaluation may prepare new rate bills under chapter 204 of the general statutes to implement this delay.
- Municipalities that defer revaluation for the October 1, 2017 assessment year must implement a revaluation no later than October 1 of the fifth year following the deferred assessment date.
Legislative Description
An Act Requiring A Study Concerning Certain State Tax Laws And Authorizing Certain Municipalities To Delay Revaluations Of Real Property.
Last Action
Signed by the Governor
6/7/2016
Committee Referrals
Finance, Revenue and Bonding3/3/2016
Full Bill Text
No bill text available