CT SB00419

Repeals and replaces subdivision (7) of section 12-81 regarding property tax exemptions for nonprofit corporations, effective October 1, 2016 for assessment years commencing on or after that date

Expands the definition of exempt housing to include permanent housing for mentally or physically handicapped individuals or persons with intellectual disability, provided the municipality already treated such property as exempt on or before the effective date

Clarifies that temporary housing operated by charitable organizations remains exempt when used for orphanages, drug or alcohol treatment facilities, homeless shelters, housing for victims of domestic violence, ex-offender housing, or programs by the Department of Correction or Judicial Branch

Specifies that short-term housing with an average stay of less than six months operated by charitable organizations qualifies as an exclusively charitable purpose and is exempt from taxation

Maintains existing restrictions that subsidized housing and housing for low and moderate income individuals do not qualify as charitable purposes for property tax exemption purposes