CT HB05424

Repeals and replaces Section 12-18b of the general statutes to expand the Payment in Lieu of Taxes (PILOT) program to include certain real property exempt from taxation under section 12-81, excluding houses of religious worship.

Establishes grant amounts based on property type: 77% of property taxes for most exempt properties, 100% for correctional facilities and specific state properties, 45% for municipally owned airports, and 65% for Connecticut Valley Hospital and Whiting Forensic Hospital.

Creates three municipality tiers based on equalized net grand list per capita (Tier One: less than $100,000; Tier Two: $100,000-$200,000; Tier Three: greater than $200,000) to determine grant reductions if appropriations are insufficient.

Guarantees municipalities and districts receive no less than fiscal year 2021 PILOT grant amounts for fiscal year 2022 and thereafter, with proportional adjustments if funding exceeds or falls short of calculated amounts.

Provides special exceptions including $5 million annual payment to Bridgeport by September 30th, 100% grants for Veterans Affairs healthcare campuses, and exclusion of Bradley International Airport property from PILOT calculations for eligible municipalities.