The proposed legislation, General Assembly Raised Bill No. 1188, aims to establish a property tax exemption for certain properties located on Indian lands. Specifically, it amends Section 12-81 of the general statutes by adding a new subdivision (84), which states that real property and tangible personal property situated on reservation land held in trust for a federally recognized Indian tribe will be exempt from property taxes. This exemption is set to take effect on October 1, 2025, and will apply to assessment years commencing on or after that date.

The bill introduces new legal language to the existing statutes, specifically the insertion of subdivision (84) to Section 12-81, while there are no deletions indicated in the text. The intent of this legislation is to recognize and support the sovereignty of federally recognized Indian tribes by providing them with a tax exemption for properties held in trust, thereby promoting economic development and self-determination within these communities.

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