Connecticut Statutes
§ 12-81nn — Municipal option to provide exemption for workforce housing development projects.
The legislative body of any municipality or, in a municipality where the legislative body is a town meeting, the board of selectmen may, by ordinance, exempt from real property tax any workforce housing development project, as defined in section 8-395, to the extent of seventy per cent of its valuation for purposes of assessment in each of the seven full assessment years following the assessment year in which the construction or substantial rehabilitation, as defined in section 8-395, is completed.
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Connecticut § 12-81nn (Municipal option to provide exemption for workforce housing development projects.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(P.A. 23-207, S. 32.) History: P.A. 23-207 effective June 1, 2024, and applicable to assessment years commencing on or after June 1, 2024.
Nearby Sections
15
§ 12-1
Definitions.§ 12-101
Due date and collection of tax.§ 12-102
Taxing of woodland.§ 12-103
Appeals.§ 12-107a
Declaration of policy.§ 12-107b
Definitions.§ 12-107c
Classification of land as farm land.§ 12-107f
Open space land.