The General Assembly Raised Bill No. 1188 proposes to amend Section 12-81 of the general statutes by adding a new subdivision (84), which establishes a property tax exemption for real property and tangible personal property located on reservation land held in trust for federally recognized Indian tribes. This exemption will take effect on October 1, 2025, and will apply to assessment years commencing on or after that date.

The bill aims to provide financial relief to federally recognized Indian tribes by exempting their properties from property taxes, thereby acknowledging the unique status of these lands. The legal language inserted into the current law specifies the criteria for the exemption, while there are no deletions from existing statutes related to this amendment.

Statutes affected:
Raised Bill: 12-81