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CT HB05002

Bill

Official Source

Status

Introduced

2/9/2022

Primary Sponsor

Gary Turco

Click for details

Origin

House of Representatives

2022 General Assembly

AI Summary

  • Expands state grants in lieu of taxes payments to municipalities to include manufacturing machinery and equipment that qualifies for exemption under section 12-81 of Connecticut general statutes
  • State would reimburse municipalities 100 percent of property taxes that would have been owed on exempt manufacturing machinery and equipment
  • Applies to manufacturing machinery and equipment currently exempt from property tax under existing exemption provisions
  • Referred to Committee on Appropriations
  • Introduced by Representative Turco (27th District) for the February 2022 session

Legislative Description

An Act Expanding Grants In Lieu Of Taxes Payments To Include Manufacturing Machinery And Equipment Exempt From Property Tax.

Last Action

Public Hearing 03/18

3/11/2022

Committee Referrals

Appropriations2/9/2022

Full Bill Text

No bill text available