CT HB05239

Changes section 8-216(b) to require the Commissioner of Housing to enter into contracts for payments in lieu of taxes with municipalities for state housing authority properties, effective October 1, 2020.

Specifies that annual payments shall equal the taxes that would be owed if the property were not tax-exempt, calculated by multiplying assessed property value by the applicable municipal tax rate.

Requires municipalities to waive other payments from housing authorities under section 8-71 in exchange for receiving the payment-in-lieu-of-taxes, with waived amounts used for occupant services, operating costs, or property improvements.

Applies similar requirements to section 8-216(d) regarding payments in lieu of taxes on land and improvements owned or leased by the Commissioner of Housing under chapter 129.

Defines "successor owner" as any entity owning a housing project after revitalization pursuant to a plan approved by the Commissioner of Housing.