Bill Text: CT HB05338 | 2011 | General Assembly | Comm Sub
Bill Title: An Act Concerning Incentives For Municipal Revenue Sharing.
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: (Introduced - Dead) 2011-02-28 - Public Hearing 03/04 [HB05338 Detail]
Download: Connecticut-2011-HB05338-Comm_Sub.html
General Assembly |
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January Session, 2011 |
LCO No. 3081 | ||
*03081HB05338PD_* | |||
Referred to Committee on Planning and Development |
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Introduced by: |
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(PD) |
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AN ACT CONCERNING INCENTIVES FOR MUNICIPAL REVENUE SHARING.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (NEW) (Effective October 1, 2011) (a) As used in this section, "region" means a planning region designated or redesignated by the Secretary of the Office of Policy and Management pursuant to section 16a-4a of the general statutes.
(b) A municipality on the list of municipalities with fiscal disparities prepared pursuant to section 7-148dd of the general statutes and any other municipality located in the same region as the municipality on such list may enter into an agreement to share revenues pursuant to section 7-148bb of the general statutes whereby such other municipality located in the region may establish a mill rate on nonresidential real property not to exceed the mill rate of the municipality on such list. Any agreement shall (1) provide that revenues shared shall be limited to revenues collected from real properties subject to the mill rate established under this section, and (2) include a plan for the distribution of such revenues. No agreement shall be effective unless the Secretary of the Office of Policy and Management determines that the agreement will result in reduced property taxes in the municipality with fiscal disparities and approves such agreement.
(c) The nonresidential real property subject to the increased mill rate shall be eligible for the same incentives, abatements and benefits for which nonresidential property in the municipality on the list of municipalities with fiscal disparities is eligible.
This act shall take effect as follows and shall amend the following sections: | ||
Section 1 |
October 1, 2011 |
New section |
Statement of Purpose:
To allow municipalities to partner with financially struggling cities to reduce the tax burden on their respective homeowners.
[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]