Connecticut § 12-638m Payment of tax imposed by section 12-638l. Classification of the land terminates automatically.

Connecticut Statutes

§ 12-638m — Payment of tax imposed by section 12-638l. Classification of the land terminates automatically.

Connecticut § 12-638m

Title 12Taxation

Ch. 228bControlling Interest Transfer Tax

This text of Connecticut § 12-638m (Payment of tax imposed by section 12-638l. Classification of the land terminates automatically.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 12-638m (2026).

Text

The tax imposed by section 12-638 l shall be due and payable by the particular grantor who caused such classification to be made in the same manner as the tax imposed by this chapter. The total amount of the tax shall be paid to the town in the same manner as the municipal portion is paid to towns under section 12-638k. Upon the receipt of such payment, such land shall be automatically declassified and the assessor shall forthwith record with the town clerk a certificate setting forth that such land has been declassified. Thereafter, such land shall be assessed at its fair market value as determined by the assessor under the provisions of section 12-63 for all other property, until such time as a record owner may reclassify such land.

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The tax imposed by section 12-638 l shall be due and payable by the particular grantor who caused such classification to be made in the same manner as the tax imposed by this chapter. The total amount of the tax shall be paid to the town in the same manner as the municipal portion is paid to towns under section 12-638k. Upon the receipt of such payment, such land shall be automatically declassified and the assessor shall forthwith record with the town clerk a certificate setting forth that such land has been declassified. Thereafter, such land shall be assessed at its fair market value as determined by the assessor under the provisions of section 12-63 for all other property, until such time as a record owner may reclassify such land.

Legislative History

(P.A. 89-251, S. 51, 203.) History: P.A. 89-251, S. 51 effective July 1, 1989, and applicable to sales or transfers of real property occurring on or after that date.