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CT HB06744

Bill

Official Source

Status

Introduced

1/27/2025

Primary Sponsor

Tony Scott

Click for details

Origin

House of Representatives

2025 General Assembly

AI Summary

  • Amends Connecticut General Statutes section 12-91 to require automatic inflation adjustments to the property tax exemption for farm machinery
  • The dollar threshold for the farm machinery exemption would increase annually based on the rate of inflation
  • Introduced by Rep. Scott (112th District) and referred to the Planning and Development Committee
  • Aims to preserve the real value of the tax exemption as costs rise over time

Legislative Description

An Act Requiring The Indexing Of The Property Tax Exemption Amount For Farm Machinery.

Last Action

Change of Reference, Senate to Committee on Finance, Revenue and Bonding

2/10/2025

Committee Referrals

Finance, Revenue and Bonding2/5/2025
Planning and Development1/27/2025

Full Bill Text

No bill text available