Connecticut Seal

General Assembly

 

Proposed Bill No. 5908

 

January Session, 2017

 

LCO No. 2832

 

*02832*

Referred to Committee on FINANCE, REVENUE AND BONDING

 

Introduced by:

 

REP. O'DEA, 125th Dist.

 

AN ACT EXEMPTING A PORTION OF BUSINESSES' TANGIBLE PERSONAL PROPERTY FROM THE PROPERTY TAX.

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

That chapter 203 of the general statutes be amended to exempt the first ten thousand dollars of a business's tangible personal property from the property tax.

Statement of Purpose:

To exempt the first ten thousand dollars of a business's tangible personal property from the property tax.