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CT HB05967
Bill
Status
Introduced
1/28/2021
Primary Sponsor
Brian Smith
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AI Summary
- Reduce the interest rate charged by municipalities for property tax underpayments to one-fourth of one percent per month or a fraction thereof
- Apply the reduced interest rate to sewer system installation and connection assessments
- Apply the reduced interest rate to benefit assessments charged to property owners in tax increment financing districts for public improvements
- Apply the reduced interest rate to special assessments on blighted housing and taxes and assessments set by special taxing districts
Legislative Description
An Act Concerning Interest Rates Charged On Certain Property Tax Underpayments And Assessments.
Last Action
Referred to Joint Committee on Planning and Development
1/28/2021
Committee Referrals
Planning and Development1/28/2021
Full Bill Text
No bill text available