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CT SB00397

Bill

Official Source

Status

Vetoed

6/9/2016

Primary Sponsor

Commerce Committee

Click for details

Origin

Senate

2016 General Assembly

AI Summary

  • Municipalities may vote to abate up to 100% of property taxes on properties used for arts or culture activities
  • Vote may be conducted by the municipal legislative body or, in town meeting municipalities, by the board of selectmen
  • Eligible properties include art galleries, art studios, installation galleries, movie theaters, performance venues, and arts-related retail businesses
  • Effective October 1, 2016, and applies to assessment years beginning on or after October 1, 2016
  • Tax abatement is optional for municipalities, not mandatory

Legislative Description

An Act Concerning A Municipal Option For Property Tax Abatements For Arts And Culture.

Last Action

Immediate Transmittal to the House

6/20/2016

Committee Referrals

Finance, Revenue and Bonding4/26/2016
Planning and Development4/13/2016
Commerce3/3/2016

Full Bill Text

No bill text available