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CT HB06675

Bill

Official Source

Status

Introduced

4/14/2021

Primary Sponsor

Finance, Revenue and Bonding Committee

Click for details

Origin

House of Representatives

2021 General Assembly

AI Summary

  • Municipalities may establish a property tax exemption for owner-occupied primary residences, capped at 40% of assessed value
  • Requires approval by the municipal legislative body, or by the board of selectmen in towns where town meeting serves as the legislative body
  • Creates a local option program, meaning each municipality decides whether to implement the exemption
  • Effective immediately upon passage

Legislative Description

An Act Concerning A Municipal Option For A Homestead Property Tax Exemption.

Last Action

Public Hearing 04/20

4/15/2021

Committee Referrals

Finance, Revenue and Bonding4/14/2021

Full Bill Text

No bill text available