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CT SB00431

Bill

Official Source

Status

Introduced

1/23/2019

Primary Sponsor

Martin Looney

Click for details

Origin

Senate

2019 General Assembly

AI Summary

  • Establish a $50,000 homestead exemption applied to assessed value of one-to-four family owner-occupied residences
  • Establish a one mill state-wide tax on real property with adjustment for the homestead exemption
  • Repeal municipal property tax on motor vehicles and enact a state-wide motor vehicle tax of 15-19 mills
  • Direct receipts from state-wide taxes to fund PILOT program reimbursements, increase special education grants, and education/alliance district grants
  • Exempt the first $25,000 of assessed value of business personal property from municipal property tax

Legislative Description

An Act Concerning Property Tax Reform.

Last Action

Public Hearing 03/15

3/11/2019

Committee Referrals

Finance, Revenue and Bonding1/23/2019

Full Bill Text

No bill text available