CT HB05637

Repeals and replaces Section 12-18b to restructure state grants in lieu of taxes for municipalities and districts with college/hospital and state/municipal/tribal property, effective July 1, 2016

Establishes a "select payment in lieu of taxes account" as a separate nonlapsing account within the General Fund to provide additional grants to tier one and tier two municipalities and districts for select college and hospital property and select state property

Sets specific grant payment amounts for fiscal year 2017 to 34 municipalities and districts ranging from $143 (Borough of Litchfield) to $15,246,372 (New Haven), payable from the select account

Caps motor vehicle mill rates at 32 mills for assessment year 2015 and 29.36 mills thereafter, allowing municipalities and districts to set different rates for motor vehicles versus real and other personal property

Makes conforming changes to tax statutes regarding cosmetic medical procedures, telecommunications services, enterprise zone improvements, and income tax rates for head of household filers, effective from passage or specified dates