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CT SB00518
Bill
Status
1/24/2019
Primary Sponsor
Planning and Development Committee
Click for details
AI Summary
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Allows municipalities to abate up to 100% of property taxes on real property used for arts and culture purposes, effective October 1, 2019.
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Abatement authority applies to art galleries, art studios, installation galleries, performance venues, and retailers catering to or relating to the arts.
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Municipalities may implement abatements through a vote of their legislative body, or in town meeting municipalities, through a vote of the board of selectmen.
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Applies to assessment years commencing on or after October 1, 2019.
Legislative Description
An Act Concerning A Municipal Option For Property Tax Abatements For Arts And Culture.
Last Action
Referred by Senate to Committee on Finance, Revenue and Bonding
5/8/2019