CT HB07229

Establishes Connecticut brownfield land banks as certified nonstock corporations authorized to acquire, remediate, and sell brownfield properties on behalf of municipalities under land banking agreements

Creates certification and oversight process for land banks through the Commissioner of Economic and Community Development, including annual reporting requirements and decertification procedures for non-compliance

Expands eligibility for property tax abatement and delinquent tax forgiveness to include Connecticut brownfield land banks acquiring properties within municipalities

Allows land banks and licensed environmental professionals to conduct environmental site assessments on properties subject to land banking agreements without liability for preexisting contamination

Modifies brownfield remediation and revitalization program to allow Connecticut brownfield land banks to participate as applicants and extends liability protections and fee structures to land bank acquisitions of brownfield properties