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CT HB06468

Bill

Official Source

Status

Introduced

1/23/2017

Primary Sponsor

Susan Johnson

Click for details

Origin

House of Representatives

2017 General Assembly

AI Summary

  • Requires nonprofit organizations that pay any administrator $500,000 or more annually in salary and bonuses to pay property taxes in their municipality
  • Eliminates the property tax exemption for qualifying nonprofits based on administrator compensation threshold
  • Intended to increase municipal tax revenue by removing exemptions for higher-paid nonprofit organizations
  • Applies to nonprofits located in any Connecticut municipality meeting the compensation criteria

Legislative Description

An Act Eliminating Property Tax Exemptions For Certain Nonprofit Organizations.

Last Action

Change of Reference to Finance, Revenue and Bonding

2/2/2017

Committee Referrals

Finance, Revenue and Bonding2/1/2017
Planning and Development1/23/2017

Full Bill Text

No bill text available