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 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 commencing on or after that date.

The bill does not delete any existing legal language but adds the new provision to enhance the current tax code regarding property tax exemptions. By doing so, it recognizes the unique status of Indian lands and aims to provide financial relief to federally recognized tribes by exempting their properties from local property taxes.

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