General Assembly Raised Bill No. 6675
January Session, 2021 LCO No. 6302
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
(FIN)
AN ACT CONCERNING A MUNICIPAL OPTION FOR A HOMESTEAD
PROPERTY TAX EXEMPTION.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
1 Section 1. (NEW) (Effective from passage) Any municipality may, upon
2 approval by its legislative body or, in a municipality where the
3 legislative body is a town meeting, by vote of the board of selectmen,
4 provide an exemption from property tax, not to exceed forty per cent of
5 the assessed value, for owner-occupied dwellings that are the primary
6 residences of such owners.
This act shall take effect as follows and shall amend the following
sections:
Section 1 from passage New section
Statement of Purpose:
To authorize municipalities to establish a homestead property tax
exemption.
[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except
that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not
underlined.]
LCO No. 6302 1 of 2
 Raised Bill No. 6675
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