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Bill > SB00956


CT SB00956

An Act Increasing Funding For The Community Investment Account.


summary

Introduced
01/22/2025
In Committee
01/22/2025
Crossed Over
Passed
Dead

Introduced Session

2025 General Assembly

Bill Summary

To increase the recording fee that funds the Community Investment Account by six dollars.

AI Summary

This bill proposes to increase the municipal document recording fees by six dollars, with a specific allocation of how those additional funds will be distributed. Currently, when documents are recorded with a town clerk (such as property deeds, mortgages, or other legal documents), there is a standard fee. This bill would raise that fee by six dollars, with one dollar being retained by the town clerk for administrative costs and five dollars being directly credited to the Community Investment Account. The Community Investment Account is likely a government fund used to support local community development, infrastructure, or social programs. By increasing the recording fees, the bill aims to generate additional revenue for this account, which could potentially enhance community-focused initiatives or services at the local level.

Committee Categories

Government Affairs

Sponsors (4)

Last Action

Referred to Joint Committee on Government Administration and Elections (on 01/22/2025)

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