Bill > HB07151

This bill requires the Office of Policy and Management (OPM) to provide technical assistance to municipalities receiving grants related to motor vehicle mill rate caps, starting in fiscal year 2025. The bill modifies existing law by adding a new provision that mandates the secretary of OPM to offer assistance to municipalities upon request to help them determine their eligibility for motor vehicle property tax grants in future fiscal years. The bill builds on previous legislation that established a municipal revenue sharing account and provides grants to municipalities with mill rates above certain thresholds. Specifically, for municipalities with mill rates higher than 32.46 mills on real and personal property (excluding motor vehicles), the state will calculate and provide grants that offset the difference between what motor vehicle taxes would have been at the capped rate versus the actual municipal rate. The technical assistance requirement is designed to help municipalities navigate the complex grant calculation process and understand their potential future eligibility, ensuring they can maximize their access to these revenue-sharing funds. The bill takes effect on October 1, 2025, and represents a continued effort to support municipal fiscal stability by providing both financial assistance and administrative support.

Housing and Urban Affairs

Planning and Development Committee (J)

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB07151&which_year=2025