Substitute Senate Bill No. 464 Summary

• Allows eligible property owners who missed filing deadlines for 2018-2021 grand list exemptions to file late (within 30 days of the act's effective date) by paying applicable late filing fees in Danbury, Groton, Madison, Manchester, Middletown, New Haven, Watertown, West Hartford, and Windsor Locks.

• Requires local assessors to approve exemptions upon verification of eligibility and receipt of late filing fees.

• Mandates that municipalities reimburse property owners for any excess taxes, interest, and penalties paid due to the late filing, calculating reimbursement as the difference between amounts paid and what would have been owed if filed timely.

• Applies to various exemption types including vehicles, machinery and equipment, and property classifications depending on the municipality.