Loading chat...
CT HB07067
Bill
Status
3/12/2025
Primary Sponsor
Matthew Ritter
Click for details
AI Summary
-
Creates an emergency certificate of need process for hospital ownership transfers when the hospital has filed for bankruptcy and a purchaser requires bankruptcy court approval, with final decisions required within 60 days of complete application and third-party consultant costs capped at $200,000 paid by the applicant.
-
Establishes a motor vehicle depreciation schedule for property tax assessment starting October 1, 2024, ranging from 85% of MSRP for vehicles up to one year old down to a minimum of $500 for vehicles 20 years and older.
-
Allows municipalities to opt into a modified (higher) depreciation schedule for motor vehicles by vote of the legislative body, with rates 5 percentage points higher than the standard schedule for most vehicle ages.
-
Expands property tax exemptions for veterans with 100% service-connected permanent and total disability ratings to include their primary residence dwelling or one motor vehicle, with exemptions extending to surviving spouses and minor children.
-
Appropriates $40,000,000 from the General Fund for fiscal year 2024-2025 for the Special Education Excess Cost - Student Based grant through the Department of Education.
Legislative Description
An Act Concerning An Emergency Certificate Of Need Application Process For Transfers Of Ownership Of Hospitals That Have Filed For Bankruptcy Protection, The Assessment Of Motor Vehicles For Property Taxation, A Property Tax Exemption For Veterans Who Are Permanently And Totally Disabled And Funding Of The Special Education Excess Cost Grant.
Last Action
Public Act 25-2
3/12/2025