Bill Text: CT SB00274 | 2018 | General Assembly | Comm Sub
Bill Title: An Act Concerning The Assessment Of Municipal Taxes On Certain Residential Dwellings.
Spectrum: Committee Bill
Status: (Introduced - Dead) 2018-04-24 - Motion Failed (JF) [SB00274 Detail]
Download: Connecticut-2018-SB00274-Comm_Sub.html
General Assembly |
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February Session, 2018 |
*_____SB00274PD____031918____* |
AN ACT CONCERNING THE ASSESSMENT OF MUNICIPAL TAXES ON CERTAIN RESIDENTIAL DWELLINGS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. Subsection (a) of section 12-53a of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2018):
(a) (1) Completed new construction of real estate completed after any assessment date shall be liable for the payment of municipal taxes based on the assessed value of such completed new construction from the date the certificate of occupancy is issued or the date on which such new construction is first used for the purpose for which same was constructed, whichever is the earlier, prorated for the assessment year in which the new construction is completed. Said prorated tax shall be computed on the basis of the rate of tax applicable with respect to such property, including the applicable rate of tax in any tax district in which such property is subject to tax following completion of such new construction, on the date such property becomes liable for such prorated tax in accordance with this section.
(2) [Partially] Except as provided in subdivision (3) of this subsection, partially completed new construction of real estate shall be liable for the payment of municipal taxes based on the assessed value of such partially completed new construction as of October first of the assessment year.
(3) Notwithstanding any provision of the general statutes or special act, municipal charter or home rule ordinance, land, including, but not limited to, individual parcels of land, lots in an approved subdivision or land that is the subject of an approved site plan, on which a one, two, three or four family residential dwelling is planned for construction, is under construction or has been constructed, shall be assessed exclusive of the value of such dwelling prior to the date (A) a certificate of occupancy is issued for such dwelling, (B) on which such dwelling is first used for the purpose for which it was constructed, (C) on which title to such dwelling is conveyed to a buyer that intends to use such dwelling for the purpose for which it was constructed, or (D) two years after the final building permit is issued for construction of such dwelling, whichever is earlier.
This act shall take effect as follows and shall amend the following sections: | ||
Section 1 |
October 1, 2018 |
12-53a(a) |
PD |
Joint Favorable Subst. |