The proposed General Assembly Raised Bill No. 7143 seeks to restrict the use of eminent domain for commercial purposes, particularly by redevelopment agencies. It introduces new legal language that prohibits the acquisition of real property through eminent domain primarily for the purpose of increasing local tax revenue or generating income for private entities. This amendment affects sections 8-127a, 8-125, and 8-193 of the general statutes, emphasizing that redevelopment plans must prioritize public benefits over private gains. The bill also mandates that any redevelopment plan must demonstrate the necessity of property acquisition for achieving its objectives, with an effective date set for October 1, 2025, for properties acquired thereafter.

Additionally, the bill modifies the definition of "business purpose" to exclude income-generating real property for private entities and requires development agencies to prepare comprehensive project plans that address public needs. It repeals and replaces subsection (a) of section 8-189, ensuring that development projects do not primarily aim to increase local tax revenues. The condemnation process is also revised to prevent actions taken solely for income-producing purposes. Overall, Raised Bill No. 7143 aims to enhance transparency and accountability in development projects while ensuring that public welfare is prioritized over private profit.

Statutes affected:
Raised Bill: 8-187