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CT SB01085
Bill
Status
2/23/2023
Primary Sponsor
Banking Committee
Click for details
AI Summary
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Authorizes municipalities to abate property taxes or interest on delinquent taxes for Connecticut banks opening branches in distressed municipalities on or after July 1, 2023
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Authorizes municipalities to abate property taxes or interest on delinquent taxes for Connecticut credit unions opening branches in distressed municipalities on or after July 1, 2023
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Requires approval by the municipal legislative body or, in towns with town meetings, approval by the board of selectmen to grant the tax abatement
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Becomes effective July 1, 2023
Legislative Description
An Act Concerning A Property Tax Abatement For Connecticut Banks And Credit Unions Opening Branches In Distressed Municipalities.
Last Action
Public Hearing 03/02
2/28/2023