Senate Bill No. 446 mandates the Connecticut Advisory Commission on Intergovernmental Relations to conduct a study on the feasibility of allowing municipalities that have entered into revenue sharing agreements to adopt differential mill rates for taxable real property. The bill requires the commission to submit a report, including findings and any legislative recommendations, to the relevant joint standing committee of the General Assembly by January 1, 2027. This new requirement is established under the insertion of legal language that creates a new section in the general statutes.

The bill incurs a one-time cost of $50,000 to the Office of Policy and Management (OPM) in fiscal year 2027 to conduct the study and prepare the report. There are no anticipated municipal impacts associated with this bill. The language of the bill includes the insertion of the new section and the requirement for the report, while no deletions from current law are noted.