The proposed bill, General Assembly Proposed Bill No. 6804, seeks to amend section 12-81 of the general statutes by eliminating any property tax exemption applicable to faculty or staff housing at private secondary educational institutions. This change aims to ensure that such housing is subject to property taxes, thereby increasing revenue from these educational institutions.
The bill does not include any removal of existing exemptions for other types of properties or educational institutions, focusing solely on the specific exemption for faculty and staff housing at private secondary schools. The intent behind this legislation is to address equity in taxation and potentially increase funding for public services through the collection of property taxes from these previously exempt properties.