Bill Text: CT HB06442 | 2015 | General Assembly | Introduced
Bill Title: An Act Concerning The Property Tax On Real Property Acquired By Nonprofit Organizations.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2015-01-23 - Referred to Joint Committee on Finance, Revenue and Bonding [HB06442 Detail]
Download: Connecticut-2015-HB06442-Introduced.html
General Assembly |
Proposed Bill No. 6442 |
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January Session, 2015 |
LCO No. 1387 | ||||
*01387* | |||||
Referred to Committee on FINANCE, REVENUE AND BONDING |
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Introduced by: |
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REP. CANDELORA, 86th Dist. |
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AN ACT CONCERNING THE PROPERTY TAX ON REAL PROPERTY ACQUIRED BY NONPROFIT ORGANIZATIONS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to prorate the exemption from the property tax for real property purchased by or otherwise transferred to a nonprofit organization so that such property is fully exempt from the property tax for the first taxable year that it is owned by the nonprofit organization.
Statement of Purpose:
To fully exempt real property acquired by a nonprofit organization from the property tax for the first year of ownership.