Bill Text: CT HB05226 | 2016 | General Assembly | Introduced

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Bill Title: An Act Concerning The Allocation Of The Real Estate Conveyance Tax.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2016-02-16 - Referred to Joint Committee on Finance, Revenue and Bonding [HB05226 Detail]

Download: Connecticut-2016-HB05226-Introduced.html

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General Assembly		Proposed Bill No. 5226
February Session, 2016		LCO No. 282
		*00282*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. BUCK-TAYLOR, 67th Dist.

AN ACT CONCERNING THE ALLOCATION OF THE REAL ESTATE CONVEYANCE TAX.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That section 12-494 of the general statutes be amended to reduce the state portion of the real estate conveyance tax from three-fourths of one per cent to one-half of one per cent, and increase the municipal portion of such tax from one-fourth of one per cent to one-half of one per cent.

Statement of Purpose:

To reduce the state portion of the real estate conveyance tax and increase the municipal portion of such tax.