The proposed legislation, General Assembly Raised Bill No. 1188, aims to establish a property tax exemption for real property and tangible personal property located on reservation land held in trust for federally recognized Indian tribes. This new exemption is introduced as subdivision (84) in Section 12-81 of the general statutes and will take effect on October 1, 2025, applying to assessment years that commence on or after that date.

The bill does not include any deletions from current law but adds the new provision to enhance the legal framework surrounding property tax exemptions for Indian lands. This initiative is intended to support the economic development of federally recognized tribes by alleviating the financial burden of property taxes on their lands.

Statutes affected:
Raised Bill: 12-81
PD Joint Favorable: 12-81
File No. 202: 12-81
FIN Joint Favorable: 12-81