OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http: //www. cga. ct. gov/ofa

sSB-1151

AN ACT CONCERNING ALIAS TAX WARRANTS AND EXECUTIONS AGAINST DEBTS DUE TO JUDGMENT DEBTORS SERVED UPON FINANCIAL INSTITUTIONS.

As Amended by Senate "A" (LCO 7788)

House Calendar No. : 667

Senate Calendar No. : 457

OFA Fiscal Note

State Impact: None

Municipal Impact:

Municipalities

Effect

FY 08 $

FY 09 $

All Municipalities

Revenue Impact

See Below

See Below

Explanation

The provisions of the bill are likely to make it more difficult to administer and serve tax warrants, which may have a negative impact on a municipality's efforts to collect delinquent taxes.

Senate “A” replaces the original language of the file copy. Senate “A”: (1) prohibits tax collectors or officers from serving alias tax warrants on more than one financial institution at a time and (2) prevents a collector from serving more than 15 alias tax warrants on one financial institution in the same day without first confirming that the taxpayers have funds held with that institution. The fiscal impact of these provisions may have a negative impact on a municipality's efforts to collect delinquent taxes.

The Out Years

The annualized ongoing fiscal impact identified above would continue into the future subject to inflation.

The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely for the purposes of information, summarization and explanation and does not represent the intent of the General Assembly or either chamber thereof for any purpose.