OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sHB-5581

AN ACT CONCERNING SEWER ASSESSMENT APPEALS AND THE APPROVAL OF CERTAIN PROPERTY TAX EXEMPTIONS.


OFA Fiscal Note

State Impact: None

Municipal Impact:

Municipalities

Effect

FY 15 $

FY 16 $

Various Municipalities

Revenue Gain/ Loss

None

Potential

Explanation

The bill allows municipalities to: 1) extend the deadline for filing for certain Manufacturing Machinery & Equipment exemptions to December 15, and impose a late fee; and 2) allows municipalities to vote to retroactively grant Manufacturing and Machinery Equipment exemptions to filers who miss the regular and extended deadlines.

These provisions result in: 1) a revenue gain to municipalities to the extent that municipalities grant extensions and impose late fees; and 2) a revenue loss to the extent that municipalities retroactively grant exemptions.

The bill also allows municipalities to adopt ordinances authorizing their Board of Assessment Appeals to hear appeals of municipal sewer benefit assessments. This would preclude the Superior Court from hearing such appeals. This has no fiscal impact to the state or municipalities.

As the bill is effective as of October, 2014, FY 16 is the first year any impact would be realized to municipalities.

The Out Years

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