CT HB06361

Requires property tax payments from businesses that relocate between Connecticut municipalities to take advantage of state financial support or incentives to be shared equally between the receiving and originating municipalities.

Applies only when a business relocates specifically to benefit from state-provided financial support or relocation incentives.

Mandates amendment to Connecticut general statutes to establish this property tax revenue sharing mechanism.

Aims to offset financial losses experienced by municipalities when businesses leave to access state assistance programs in other towns.