CT HB06994

Establishes the "Elderly Homeowner Property Tax Revolving Loan Fund" to provide loans to homeowners aged 65 or older who have resided in their municipality for at least 10 years and meet income limits under Connecticut General Statute section 12-170aa.

Allows the Secretary of the Office of Policy and Management to provide loans at prevailing interest rates to elderly homeowners who have failed to pay property taxes for at least two assessment years, provided the property is not otherwise encumbered and the loan amount does not exceed unpaid taxes.

Creates a lien on the property in the amount of the loan plus interest, with priority over all liens except municipal property tax liens.

Specifies that loan assistance shall not disqualify elderly homeowners from eligibility for existing tax relief benefits under sections 12-129b, 12-129c, 12-129n, or 12-170aa of the general statutes.

Takes effect October 1, 2017.