Connecticut Seal

General Assembly

 

Raised Bill No. 6397

January Session, 2009

 

LCO No. 3154

 

*03154_______ENV*

Referred to Committee on Environment

 

Introduced by:

 

(ENV)

 

AN ACT CONCERNING OPEN SPACE PRESERVATION.

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

Section 1. (NEW) (Effective from passage and applicable to conveyances of real property occurring on or after July 1, 2009) (a) A municipality may impose a buyer's tax on the conveyance of real property at the rate of not more than one per cent of the consideration paid by the buyer in excess of one hundred fifty thousand dollars. Such tax may be retained by the municipality, shall be kept in a separate account and shall be used for any of the following purposes approved by the Office of Policy and Management: (1) Purchase of development rights related to or the purchase of open space land, forest land, farm land or waterfront property by the municipality or by the municipality in cooperation with the state or federal government or with a private organization such as a land trust, (2) brownfield remediation, or (3) other environmental projects.

(b) Transfers resulting in the preservation of open space land, forest or farm land shall be exempt from the provisions of subsection (a) of this section.

This act shall take effect as follows and shall amend the following sections:

Section 1

from passage and applicable to conveyances of real property occurring on or after July 1, 2009

New section

Statement of Purpose:

To allow municipalities to impose a buyer's tax on certain real property transactions, to be used to purchase or protect open space, forest land, farm land or waterfront property, to remediate brownfields or for other environmental projects.

[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]