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CT SB00021

Bill

Official Source

Status

Introduced

2/14/2022

Primary Sponsor

Martin Looney

Click for details

Origin

Senate

2022 General Assembly

AI Summary

  • Establishes a state-wide property tax at the rate of 2 mills on residential real property with an assessed value greater than $1.2 million

  • Dedicates all revenue generated from this tax to fund excess cost grants under section 10-76g of the general statutes

  • Dedicates revenue to cover settlement costs of the Sheff v. O'Neill lawsuit

  • Applies only to residential real property, creating a targeted tax on higher-value homes

  • Referred to the Committee on Finance, Revenue and Bonding for consideration

Legislative Description

An Act Concerning A State-wide Property Tax On Certain Residential Real Property.

Last Action

Public Hearing 03/03

2/25/2022

Committee Referrals

Finance, Revenue and Bonding2/14/2022

Full Bill Text

No bill text available