Bill Text: CT SB00407 | 2011 | General Assembly | Introduced
Bill Title: An Act Concerning Tax Abatements For New Businesses Occupying Vacant Property.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2011-01-20 - Referred to Joint Committee on Planning and Development [SB00407 Detail]
Download: Connecticut-2011-SB00407-Introduced.html
General Assembly |
Proposed Bill No. 407 |
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January Session, 2011 |
LCO No. 1219 | ||||
Referred to Committee on Planning and Development |
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Introduced by: |
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SEN. KANE, 32nd Dist. |
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AN ACT CONCERNING TAX ABATEMENTS FOR NEW BUSINESSES OCCUPYING VACANT PROPERTY.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to authorize a municipality to abate real estate taxes or personal property taxes of new start-up businesses that will occupy vacant commercial buildings in such municipality.
Statement of Purpose:
To encourage new commercial uses of vacant properties through tax abatements.