PA 16-80—sHB 5177

Planning and Development Committee

AN ACT EXTENDING THE DEADLINE FOR THE LAND VALUE TAXATION PILOT PROGRAM

SUMMARY: By law, the land value taxation pilot program requires the Office of Policy and Management to select up to three municipalities to develop a plan for taxing land at a higher rate than buildings. This act extends, from December 31, 2015 to December 31, 2020, the deadline for the selected municipalities to submit their plans under the program to the Planning and Development; Commerce; and Finance, Revenue and Bonding committees.

EFFECTIVE DATE: July 1, 2016

OLR Tracking: JSB; LH; MS; cmg