Substitute House Bill No. 6801, Public Act No. 23-152, is an act concerning the submission of income and expense information for the assessment of income-producing real property. The bill amends Section 12-63c of the general statutes, effective July 1, 2023, to require owners of rental income properties to annually submit actual rental and related income and operating expenses to the assessor by June 1st, with the possibility of an extension to July 1st upon request by the owner. The bill also specifies that such information submitted is not subject to public disclosure under section 1-210 and allows the assessor to audit the information. If the information does not reflect actual income or expenses, the assessor may request additional verification. Owners aggrieved by the assessor's actions can appeal to the board of assessment appeals and the Superior Court.

The bill introduces penalties for owners who fail to submit the required information or submit false information with intent to defraud. For assessment years prior to October 1, 2023, the penalty is a ten percent increase in the assessed value of the property. For years on or after October 1, 2023, the penalty remains the same, but the assessor must issue a certificate of correction, and the tax collector must bill the owner based on the increased value. The bill also provides for the waiver of penalties if the property owner on the assessment date is not the owner when the penalty is added, or if the legislative body of a town adopts an ordinance allowing for such a waiver. Lastly, it states that income and expense disclosure forms received by the assessor within the allowed filing period, as indicated by the postmark date, are not considered delinquent.

Statutes affected:
Raised Bill: 12-63c
PD Joint Favorable Substitute: 12-63c
File No. 408: 12-63c
File No. 785: 12-63c
Public Act No. 23-152: 12-63c