The proposed legislation, General Assembly Raised Bill No. 1188, aims to establish a property tax exemption for real and tangible personal property located on reservation land held in trust for federally recognized Indian tribes. This new provision is to be added as subdivision (84) to Section 12-81 of the general statutes, and it will take effect on October 1, 2025, applying to assessment years that commence on or after that date. The bill introduces the new legal language (84) Real property and tangible personal property located on reservation land held in trust for a federally recognized Indian tribe while making no deletions from the current law. This initiative seeks to provide financial relief to tribal lands by exempting them from property taxes, thereby supporting the economic development and sovereignty of federally recognized Indian tribes within the state.

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