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CT SB00231
CT SB00231An Act Concerning The Calculation Of State Forest Land In Certain Municipalities For Purposes Of Grants In Lieu Of Taxes Payments.
summary
Introduced
01/08/2025
01/08/2025
In Committee
01/08/2025
01/08/2025
Crossed Over
Passed
Dead
06/04/2025
06/04/2025
Introduced Session
2025 General Assembly
Bill Summary
To calculate the value of state forest land, for purposes of grants in lieu of taxes payments by the state to municipalities, as real property for any municipality in which over fifty per cent of the land within such municipality's boundaries is state forest.
AI Summary
This bill proposes to modify how state forest land is valued for calculating grants in lieu of taxes (PILOT) payments to municipalities where over 50% of the land is state-owned forest. Currently, the method for determining the value of state forest land for tax payment purposes is likely different, but this bill would require such land to be assessed as real property according to section 12-64 of the general statutes for municipalities with extensive state forest coverage. A grant in lieu of taxes is a payment made by the state to a municipality to compensate for tax revenue lost on state-owned land that would otherwise be taxable. By mandating that state forest land be valued as real property in municipalities where state forests constitute more than half the total land area, the bill aims to potentially increase the financial compensation these municipalities receive for hosting large tracts of state-owned forestland.
Committee Categories
Budget and Finance, Housing and Urban Affairs
Sponsors (1)
Last Action
Change of Reference, House to Committee on Finance, Revenue and Bonding (on 02/10/2025)
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00231&which_year=2025 |
BillText | https://www.cga.ct.gov/2025/TOB/S/PDF/2025SB-00231-R00-SB.PDF |
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