Connecticut Seal

General Assembly

 

Proposed Bill No. 6139

 

January Session, 2017

 

LCO No. 1447

 

*01447*

Referred to Committee on FINANCE, REVENUE AND BONDING

 

Introduced by:

 

REP. STAFSTROM, 129th Dist.

 

AN ACT ESTABLISHING A MORTGAGE RECORDING TAX.

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

That the general statutes be amended to impose a tax of twenty-five cents per one hundred dollars of mortgage debt or obligation secured for the privilege of recording a mortgage on real property located within the state, such tax to be payable at the time of recording and remitted to the state for distribution to municipalities.

Statement of Purpose:

To establish a mortgage recording tax to diversify revenue streams to municipalities and provide property tax relief.