SB 1208 — AN ACT IMPLEMENTING A ONE-YEAR DELAY TO CERTAIN CHANGES IN STATUTES CONCERNING THE ASSESSMENT OF MOTOR VEHICLES FOR PROPERTY TAXATION.

523 T57 Year four Sixty-five per cent T58 Year five Sixty per cent T59 Year six Fifty-five per cent T60 Year seven Fifty per cent T61 Year eight Forty-five per cent T62 Year nine Forty per cent T63 Year ten Thirty-five per cent T64 Year eleven Thirty per cent T65 Year twelve Twenty-five per cent T66 Year thirteen Twenty per cent T67 Year fourteen Fifteen per cent T68 Years fifteen to nineteen Ten per cent T69 Years twenty and beyond Not less than T70 five hundred dollars (8) The present true and actual value of leased personal property other than motor vehicles shall be determined in accordance with the provisions of this subdivision.

(9) With respect to any personal property which is prohibited by law from being sold, the present true and actual value of such property shall be established with respect to such property's original manufactured cost increased by a ratio the numerator of which is the total proceeds fromLCO the{\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-0120812 manufacturer's salable equipment sold and the denominator of which36 isR02-SB.docx the} totalSubstitute costBill ofNo. the manufacturer's salable equipment sold.

1208 from the manufacturer's salable equipment sold and the denominator of which is the total cost of the manufacturer's salable equipment sold.

sSB1208(10) /The Fileschedules No.of depreciation set forth in subdivisions (3) to (6), inclusive, of this subsection shall not be used with respect to videotapes, horses or other taxable livestock or electric cogenerating equipment.

523 12 sSB1208 File No.

523 (10) The schedules of depreciation set forth in subdivisions (3) to (6), inclusive, of this subsection shall not be used with respect to videotapes, horses or other taxable livestock or electric cogenerating equipment.

(2)LCO For{\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-012013 assessment years commencing on or after October 1, [2023] 2024, any person required to file an annual declaration of tangible36 personalR02-SB.docx property} shallSubstitute includeBill inNo. such declaration the motor vehicle listing, pursuant to subdivision (2) of subsection (f) of section 12-71, as amended by this act, of any motor vehicle owned by such person.

If,1208 sSB1208(2) /For Fileassessment No.years commencing on or after October 1, [2023] 2024, any person required to file an annual declaration of tangible personal property shall include in such declaration the motor vehicle listing, pursuant to subdivision (2) of subsection (f) of section 12-71, as amended by this act, of any motor vehicle owned by such person.

523If, 13after sSB1208the Fileannual No.deadline for filing a declaration, a motor vehicle is deemed personal property by the assessor, such motor vehicle shall be added to the declaration of the owner of such vehicle or included on a new declaration if no declaration was submitted in the prior year.

523 after the annual deadline for filing a declaration, a motor vehicle is deemed personal property by the assessor, such motor vehicle shall be added to the declaration of the owner of such vehicle or included on a new declaration if no declaration was submitted in the prior year.

(d) For assessment years commencing on or after October 1, [2023] 2024, the Office of Policy and Management shall, in consultation with theLCO Connecticut{\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-01214 Association of Assessing36 Officers,R02-SB.docx prescribe} aSubstitute formBill forNo. the annual declaration of personal property.

(e)1208 Anythe personConnecticut requiredAssociation byof lawAssessing toOfficers, fileprescribe ana form for the annual declaration of personal propertyproperty. may sign and file such declaration electronically, provided themunicipality inwhichsuch declarationisto befiled(1) has sSB1208 / File No.

523(e) 14Any sSB1208person Filerequired No.by law to file an annual declaration of personal property may sign and file such declaration electronically, provided themunicipality inwhichsuch declarationisto befiled(1) has the technological ability to accept electronic signatures, and (2) agrees to accept electronic signatures for annual declarations of personal property.

523 the technological ability to accept electronic signatures, and (2) agrees to accept electronic signatures for annual declarations of personal property.

(1) "Omitted property" means property for which complete information is not included in the declaration required to be filed by law with respect to (A) the total number andtype ofallitemssubject totaxation, (B)thetrueoriginalcost and year acquired of all such items, or (C) on or after October 1, [2023] 2024, the manufacturer's suggested retail price of a motor vehicle plus any applicable after-market alterations to such motor vehicle, (2) "books",LCO "papers",{\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-0115 "documents" and "other records" includes, but is not limited to, federal tax forms relating to the acquisition and cost of fixed36 assets,R02-SB.docx general} ledgers,Substitute balanceBill sheets, disbursement ledgers, fixed asset and depreciation schedules, financial statements, invoices, operating expense reports, capital and operating leases, conditional sales agreements and building or leasehold ledgers, and (3) "designee of an sSB1208 / File No.

5231208 15"books", sSB1208"papers", File"documents" No.and "other records" includes, but is not limited to, federal tax forms relating to the acquisition and cost of fixed assets, general ledgers, balance sheets, disbursement ledgers, fixed asset and depreciation schedules, financial statements, invoices, operating expense reports, capital and operating leases, conditional sales agreements and building or leasehold ledgers, and (3) "designee of an assessor" means a Connecticut municipal assessor certified in accordance with subsection (b) of section 12-40a, a certified public accountant, a revaluation company certified in accordance with section 12-2c for the valuation of personal property, or an individual certified asa revaluationcompany employee inaccordance withsection12-2b for the valuation of personal property.

523 assessor" means a Connecticut municipal assessor certified in accordance with subsection (b) of section 12-40a, a certified public accountant, a revaluation company certified in accordance with section 12-2c for the valuation of personal property, or an individual certified asa revaluationcompany employee inaccordance withsection12-2b for the valuation of personal property.

(b)LCO Except{\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-01216 as otherwise provided by the general statutes, property subject to this section shall be valued at the same percentage of its36 thenR02-SB.docx actual} valuationSubstitute asBill theNo. assessors have determined with respect to the listing of real estate for the same year, except that any antique, rare or special interest motor vehicle, as defined in section 14-1, shall be assessed at a value of not more than five hundred dollars.

The1208 owner(b) Except as otherwise provided by the general statutes, property subject to this section shall be valued at the same percentage of sSB1208its /then Fileactual No.valuation as the assessors have determined with respect to the listing of real estate for the same year, except that any antique, rare or special interest motor vehicle, as defined in section 14-1, shall be assessed at a value of not more than five hundred dollars.

523The 16owner sSB1208of Filesuch No.antique, rare or special interest motor vehicle may be required by the assessors to provide reasonable documentation that such motor vehicleisanantique,rareorspecialinterestmotorvehicle,providedany motor vehicle for which special number plates have been issued pursuant to section 14-20 shall not be required to provide any such documentation.

523 such antique, rare or special interest motor vehicle may be required by the assessors to provide reasonable documentation that such motor vehicleisanantique,rareorspecialinterestmotorvehicle,providedany motor vehicle for which special number plates have been issued pursuant to section 14-20 shall not be required to provide any such documentation.

(c) For assessment years commencing prior to October 1, [2023] 2024, upon payment of the property tax assessed with respect to any property referred to in this section, owned by a resident or nonresident of this state, which is currently used or intended for use in relation to construction, building, grading, paving or similar projects, including, but not limited to, motor vehicles, bulldozers, tractors and any trailer-type vehicle, excluding any such equipment weighing less than five hundred pounds, and excluding any motor vehicle subject to registration pursuant to chapter 246 or exempt from such registration by section 14-34, the town in which such equipment is taxed shall issue, atLCO the{\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-0117 time of such36 payment,R02-SB.docx for} displaySubstitute onBill aNo. conspicuous surface of each such item of equipment for which such tax has been paid, a validation decal or sticker, identifiable as to the year of issue, which will be presumptive evidence that such tax has been paid in the appropriate town of the state.

(d)1208 (1)at Personalthe propertytime subjectof such payment, for display on a conspicuous surface of each such item of equipment for which such tax has been paid, a validation decal or sticker, identifiable as to taxationthe underyear thisof chapterissue, shallwhich sSB1208will /be Filepresumptive No.evidence that such tax has been paid in the appropriate town of the state.

523(d) 17(1) sSB1208Personal Fileproperty No.subject to taxation under this chapter shall notincludecomputersoftware,exceptwhenthecostthereofisincluded, without being separately stated, in the cost of computer hardware.

523 notincludecomputersoftware,exceptwhenthecostthereofisincluded, without being separately stated, in the cost of computer hardware.

(f) (1) For assessment years commencing prior to October 1, [2023] 2024, property subject to taxation under this chapter shall include each registered and unregistered motor vehicle and snowmobile that, in the normal course of operation, most frequently leaves from and returns to orLCO remains{\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-0118 inof a36 townR02-SB.docx in} thisSubstitute state,Bill andNo. any other motor vehicle or snowmobile located in a town in this state, which motor vehicle or snowmobile is not used or is not capable of being used.

(2)(A)For1208 assessmentor yearscommencingremains onorin afterOctober1,a [2023]town 2024,eachmunicipalityshalllistmotorvehiclesregisteredandclassified in accordancethis withstate, sectionand 12-71d,any asother amendedmotor byvehicle or snowmobile located in a town in this act,state, andwhich suchmotor sSB1208vehicle /or Filesnowmobile No.is not used or is not capable of being used.

523(2)(A)For 18assessment sSB1208years Filecommencing No.onor afterOctober1, [2023] 2024,eachmunicipalityshalllistmotorvehiclesregisteredandclassified in accordance with section 12-71d, as amended by this act, and such motor vehicles shall be valued in the same manner as motor vehicles valued pursuant to section 12-63, as amended by this act.

523 motor vehicles shall be valued in the same manner as motor vehicles valued pursuant to section 12-63, as amended by this act.

In the event such an entity resides in more than one town in this state, it shall be subject to taxation by each such town with respect to any registered or unregistered motor vehicle or snowmobile that most frequently leaves from and returns to or remainsLCO in{\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-01219 suchof town.36 R02-SB.docx } Substitute Bill No.

1208 remains in such town.

It shall be presumed sSB1208that /any Filesuch No.motor vehicle most frequently leaves from and returns to or remains in the town in which the owner of such vehicle resides, unless a provision of this subsection otherwise expressly provides.

523 19 sSB1208 File No.

523 that any such motor vehicle most frequently leaves from and returns to or remains in the town in which the owner of such vehicle resides, unless a provision of this subsection otherwise expressly provides.

In the event a motor vehicle owned by a nonresident is not located in any town for three or more of theLCO months{\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-0120 preceding the assessment day in any year, such vehicle shall be set in the list of the36 townR02-SB.docx where} suchSubstitute vehicleBill isNo. located on such assessment day.

1208 the months preceding the assessment day in any year, such vehicle shall be set in the list of the town where such vehicle is located on such assessment day.

(i) Any registered motor vehicle that is assigned to an employee of the owner of such vehicle for the exclusive use of such sSB1208employee /and Filewhich, No.in the normal course of operation most frequently leaves from and returns to or remains in such employee’s town of residence, shall be set in the list of the town where such employee resides;

523 20 sSB1208 File No.

523 employee and which, in the normal course of operation most frequently leaves from and returns to or remains in such employee’s town of residence, shall be set in the list of the town where such employee resides;

and (iv)any registeredmotorvehiclethat isused or intended for use for the purposes of construction, building, grading, paving or similar projects, or to facilitate any such project, shall be set in the list of the town in which such project is situated if such vehicle is located in said town for the three or more months preceding the assessment day in any year, provided if such vehicle is located in more than one town in this state for three or more months preceding the assessment day in any year, such vehicle shall be set in the list of the town where it is located for the three months or more in such year nearest to such assessment day, and if such vehicle is not located in any town for three or more of the months preceding the assessment day in any year, such vehicle shall be set in the list of the town where such vehicleLCO is{\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-0121 locatedof on36 suchR02-SB.docx assessment} day.Substitute Bill No.

1208 vehicle is located on such assessment day.

(ii) any motor sSB1208vehiclethatisbeingoperated,pursuanttoa /lease,byapersonotherthan Filethe No.owner of such vehicle, or such owner's employee, shall be set in the listofthetownwherethepersonwhoisoperatingsuchvehiclepursuant to said lease resides;

523 21 sSB1208 File No.

523 vehiclethatisbeingoperated,pursuanttoalease,byapersonotherthan the owner of such vehicle, or such owner's employee, shall be set in the listofthetownwherethepersonwhoisoperatingsuchvehiclepursuant to said lease resides;

(6) The owner of a motor vehicle subject to taxation in accordance withLCO the{\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-0122 provisions of subdivision36 (5)R02-SB.docx of} thisSubstitute subsectionBill inNo. a town other than the town in which such owner resides may register such vehicle in the town in which such vehicle is subject to taxation.

1208 with the provisions of subdivision (5) of this subsection in a town other than the town in which such owner resides may register such vehicle in the town in which such vehicle is subject to taxation.

If a motor vehicle or snowmobile is registered in a town in which it is not subject to taxation, pursuant to the provisions of sSB1208subdivision /(5) Fileof No.this subsection, the assessor of the town in which such vehicle is subject to taxation shall notify the assessor of the town in which such vehicle is registered of the name and address of the owner of such motor vehicle or snowmobile, the vehicle identification number and the town in which such vehicle is subject to taxation.

523 22 sSB1208 File No.

523 subdivision (5) of this subsection, the assessor of the town in which such vehicle is subject to taxation shall notify the assessor of the town in which such vehicle is registered of the name and address of the owner of such motor vehicle or snowmobile, the vehicle identification number and the town in which such vehicle is subject to taxation.

Section 12-71b of the general statutes is repealed and the followingLCO is{\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-01223 substitutedof in36 lieuR02-SB.docx thereof} (EffectiveSubstitute JulyBill 1,No. 2023, and applicable to assessment years commencing on or after October 1, 2024):

(a)1208 (1)following Foris assessmentsubstituted yearsin commencinglieu priorthereof to(Effective OctoberJuly 1, [2023]2023, 2024,and anyapplicable personto whoassessment ownsyears acommencing motor vehicle which is not registeredwith the Commissioner of Motor Vehicles on theor firstafter day of October in1, any2024): assessment year and which is registered subsequent to said first day of OctoberbutpriortothefirstdayofAugustin suchassessmentyearshall be liable for the payment of property tax with respect to such motor vehicle in the town where such motor vehicle is subject to property tax, sSB1208 / File No.

523(a) 23(1) sSB1208For Fileassessment No.years commencing prior to October 1, [2023] 2024, any person who owns a motor vehicle which is not registeredwith the Commissioner of Motor Vehicles on the first day of October in any assessment year and which is registered subsequent to said first day of OctoberbutpriortothefirstdayofAugustin suchassessmentyearshall be liable for the payment of property tax with respect to such motor vehicle in the town where such motor vehicle is subject to property tax, in an amount as hereinafter provided, on the first day of January immediately subsequent to the end of such assessment year.

523 in an amount as hereinafter provided, on the first day of January immediately subsequent to the end of such assessment year.

(2) For assessment years commencing on or after October 1, [2023] 2024, any person who owns a motor vehicle which is not registeredwith theLCO Commissioner{\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-0124 of Motor36 VehiclesR02-SB.docx on} theSubstitute firstBill dayNo. of October in any assessment year and which is registered subsequent to said first day of October but prior to the first day of April in such assessment year shall be liable for the payment of property tax with respect to such motor vehicle in the town where such motor vehicle is subject to property tax, in an amount as hereinafter provided, on the first day of July in such assessment year.

Any1208 person who owns a motor vehicle which is registered with the Commissioner of Motor Vehicles on or after the first day of AprilOctober in any assessment year and which is registered subsequent to said first day of October but prior to the first day of OctoberApril nextin succeedingsuch assessment year shall be liable for the payment of property tax with respect to such motor vehicle in the town where such motor vehicle is sSB1208subject /to Fileproperty No.tax, in an amount as hereinafter provided, on the first day of July in such assessment year.

523Any 24person sSB1208who Fileowns No.a motor vehicle which is registered with the Commissioner of Motor Vehicles on or after the first day of April in any assessment year but prior to the first day of October next succeeding shall be liable for the payment of property tax with respect to such motor vehicle in the town where such motor vehicle is subject to property tax, in an amount hereinafter provided, on the first day of January immediately subsequent to the end of such assessment year.

523 subject to property tax, in an amount hereinafter provided, on the first day of January immediately subsequent to the end of such assessment year.

(b) (1) For assessment years commencing prior to October 1, [2023] 2024, whenever any person who owns a motor vehicle which has been entered in the taxable list of the town where such motor vehicle is subjectLCO to{\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-0125 property tax in any assessment year and who, subsequent to the first day of October36 inR02-SB.docx such} assessmentSubstitute yearBill butNo. prior to the first day of August in such assessment year, replaces such motor vehicle with another motor vehicle, hereinafter referred to as the replacement vehicle, which vehicle may be in a different classification for purposes of registration than the motor vehicle replaced, and provided one of the following conditions is applicable with respect to the motor vehicle replaced:

(A)1208 Thesubject unexpiredto registrationproperty oftax thein motorany vehicleassessment replacedyear isand transferredwho, subsequent to the replacementfirst vehicle,day (B)of theOctober motorin vehiclesuch replacedassessment wasyear stolenbut orprior totallyto damagedthe andfirst proofday concerningof August in such theftassessment oryear, totalreplaces damagesuch ismotor submittedvehicle with another motor vehicle, hereinafter referred to as the assessorreplacement vehicle, which vehicle may be in sucha town,different orclassification (C)for purposes of registration than the motor vehicle replacedreplaced, isand soldprovided byone suchof personthe withinfollowing forty-fiveconditions daysis sSB1208applicable /with Filerespect No.to the motor vehicle replaced:

523(A) 25The sSB1208unexpired Fileregistration No.of the motor vehicle replaced is transferred to the replacement vehicle, (B) the motor vehicle replaced was stolen or totally damaged and proof concerning such theft or total damage is submitted to the assessor in such town, or (C) the motor vehicle replaced is sold by such person within forty-five days immediately prior to or following the date on which such person acquires the replacement vehicle, such person shall be liable for the payment of property tax with respect to the replacement vehicle in the town in which the motor vehicle replaced is subject to property tax, in an amount as hereinafter provided, on the first day of January immediately subsequent to the end of such assessment year.

523 immediately prior to or following the date on which such person acquires the replacement vehicle, such person shall be liable for the payment of property tax with respect to the replacement vehicle in the town in which the motor vehicle replaced is subject to property tax, in an amount as hereinafter provided, on the first day of January immediately subsequent to the end of such assessment year.

(i) The property tax which would be payable if the replacement vehicle had been entered in thetaxablelist of the town in which the motor vehicle replaced is subject to property tax on the first day of October in such assessment year if such registration occurs prior to the first day of November, however if such registration occurs on or after the first day of November but prior to the first day of August in such assessment year, such tax shall be a pro rata portion of the amount of tax payable if such motor vehicle had been enteredLCO in{\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-0126 the taxable list of such36 townR02-SB.docx on} OctoberSubstitute firstBill inNo. such assessment year to be determined by a ratio, the numerator of which shall be the number of months from the date of such registration, including the month in which registration occurs, to the first day of October next succeeding and the denominator of which shall be twelve, provided if such person, on said first day of October, was entitled to any exemption under section 12-81, as amended by this act, which was allowed in the assessment of the motor vehicle replaced, such exemption shall be allowed for purposes of determining the property tax payable with respect to the replacement vehicle as provided herein;

(ii)1208 entered in the propertytaxable taxlist payableof such town on October first in such assessment year to be determined by a ratio, the numerator of which shall be the number of months from the date of such personregistration, withincluding respectthe month in which registration occurs, to the motorfirst vehicleday replaced,of October next succeeding and the denominator of which shall be twelve, provided if such person, on said first day of October, was entitled to any exemption under section 12-81, as amended by this act, which was allowed in the replacementassessment of the motor vehicle isreplaced, registeredsuch sSB1208exemption /shall Filebe No.allowed for purposes of determining the property tax payable with respect to the replacement vehicle as provided herein;

523(ii) 26the sSB1208property Filetax No.payable by such person with respect to the motor vehicle replaced, provided if the replacement vehicle is registered subsequent to the thirty-first day of October but prior to the first day of August in such assessment year such property tax payable with respect to the motor vehicle replaced shall, for purposes of the computation herein, be deemed to be a pro rata portion of such property tax to be prorated in the same manner as the amount of tax determined under (i) above.

523 subsequent to the thirty-first day of October but prior to the first day of August in such assessment year such property tax payable with respect to the motor vehicle replaced shall, for purposes of the computation herein, be deemed to be a pro rata portion of such property tax to be prorated in the same manner as the amount of tax determined under (i) above.

(A) The unexpired registration of the motor vehicle replaced is transferred to the replacement vehicle, (B) the motor vehicle replaced was stolen or totally damaged and proof concerning such theft or total damage is submitted to the assessor in such town, or (C) the motor vehicle replaced is sold by such person within forty-five days immediately prior to or following the date on which such person acquiresLCO the{\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-0127 replacement vehicle, such person shall be liable for the payment of property36 taxR02-SB.docx with} respectSubstitute toBill theNo. replacement vehicle in the town in which the motor vehicle replaced is subject to property tax pursuant to subdivision (4) of this subsection, on the first day of July in such assessment year.

1208 acquires the replacement vehicle, such person shall be liable for the payment of property tax with respect to the replacement vehicle in the town in which the motor vehicle replaced is subject to property tax pursuant to subdivision (4) of this subsection, on the first day of July in such assessment year.

(3) For assessment years commencing on or after October 1, [2023] sSB12082024, /whenever Fileany No.person who owns a motor vehicle which has been entered into the taxable list of the town where such motor vehicle is subject to property tax in any assessment year and who, on or after the first day of April of such assessment year but prior to the first day of October next succeeding, replaces such motor vehicle with another motor vehicle, hereinafter referred to as the replacement vehicle, which vehicle may be in a different classification for purposes of registration than the motor vehicle replaced, and provided one of the following conditions is applicable with respect to the motor vehicle replaced:

523 27 sSB1208 File No.

523 2024, whenever any person who owns a motor vehicle which has been entered into the taxable list of the town where such motor vehicle is subject to property tax in any assessment year and who, on or after the first day of April of such assessment year but prior to the first day of October next succeeding, replaces such motor vehicle with another motor vehicle, hereinafter referred to as the replacement vehicle, which vehicle may be in a different classification for purposes of registration than the motor vehicle replaced, and provided one of the following conditions is applicable with respect to the motor vehicle replaced:

If a replacement vehicle is replaced by the owner of such replacement vehicle prior to the first day of October next succeeding such assessment year, the replacement vehicle shall be subjectLCO to{\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-0128 propertyof tax36 asR02-SB.docx provided} inSubstitute thisBill subdivisionNo. and such other motor vehicle replacing the replacement vehicle, or any motor vehicle replacing such other motor vehicle in such assessment year, shall be deemed to be the replacement vehicle for purposes of this subdivision.

1208 subject to property tax as provided in this subdivision and such other motor vehicle replacing the replacement vehicle, or any motor vehicle replacing such other motor vehicle in such assessment year, shall be deemed to be the replacement vehicle for purposes of this subdivision.

(A) The property tax which would be payable if the replacement vehicle had been entered in the taxable list of the town in which the motor vehicle replaced is subject to property tax on the first day of October in such assessment year if such registration occurs prior to the first day of November, however, if such registration occurs on or after the first day of November but prior to the first day of October next succeeding, such tax shall be a pro rata portion sSB1208of /the Fileamount No.of tax payable if such motor vehicle had been entered in the taxable list of such town on October first in such assessment year to be determined by ratio, the numerator of which shall be the number of monthsfromthedate ofsuchregistration,including themonthin which registration occurs, to the first day of October next succeeding and the denominator of which shall be twelve, provided if such person, on said first day of October, was entitled to any exemption under section 12-81, as amended by this act, which was allowed in the assessment of the motor vehicle replaced, such exemption shall be allowed for purposes of determining the property tax payable with respect to the replacement vehicle as provided herein;

523 28 sSB1208 File No.

523 of the amount of tax payable if such motor vehicle had been entered in the taxable list of such town on October first in such assessment year to be determined by ratio, the numerator of which shall be the number of monthsfromthedate ofsuchregistration,including themonthin which registration occurs, to the first day of October next succeeding and the denominator of which shall be twelve, provided if such person, on said first day of October, was entitled to any exemption under section 12-81, as amended by this act, which was allowed in the assessment of the motor vehicle replaced, such exemption shall be allowed for purposes of determining the property tax payable with respect to the replacement vehicle as provided herein;

(c) (1) For assessment years commencing prior to October 1, [2023] 2024, any person who owns a commercial motor vehicle which has been temporarilyLCO registered{\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-012029 at any time during any assessment year and which has not during such period been entered in the taxable list of any36 townR02-SB.docx in} theSubstitute stateBill forNo. purposes of the property tax and with respect to which no permanent registration has been issued during such period, shallbeliableforthepaymentofpropertytaxwithrespecttosuchmotor vehicle in the town where such motor vehicle is subject to property tax on the first day of January immediately following the end of such assessment year, inanamount ashereinafterprovided.The property tax payable shall be in the amount which would be payable if such motor vehicle had been entered in the taxable list of the town where such motor vehicle is subject to property tax on the first day of October in such assessment year.

(2)1208 Fortemporarily registered at any time during any assessment yearsyear commencingand onwhich orhas afternot Octoberduring 1,such [2023]period 2024,been entered in the taxable list of any persontown whoin ownsthe astate commercialfor purposes of the property tax and with respect to which no permanent registration has been issued during such period, shallbeliableforthepaymentofpropertytaxwithrespecttosuchmotor vehicle in the town where such motor vehicle is subject to property tax on the first day of January immediately following the end of such assessment year, inanamount ashereinafterprovided.The property tax payable shall be in the amount which haswould be payable if such motor vehicle had been sSB1208entered /in Filethe No.taxable list of the town where such motor vehicle is subject to property tax on the first day of October in such assessment year.

523(2) 29For sSB1208assessment Fileyears No.commencing on or after October 1, [2023] 2024, any person who owns a commercial motor vehicle which has been temporarily registered at any time during any assessment year and which has not during such period been entered in the taxable list of any town in the state for purposes of the property tax and with respect to which no permanent registration has been issued during such period, shallbeliableforthepaymentofpropertytaxwithrespecttosuchmotor vehicle in the town where such motor vehicle is subject to property tax onthefirst dayofJulyofsuchassessment year or thefirstday ofJanuary immediately following such assessment year, as applicable, pursuant to subdivisions (2) and (3) of subsection (b) of this section.

523 temporarily registered at any time during any assessment year and which has not during such period been entered in the taxable list of any town in the state for purposes of the property tax and with respect to which no permanent registration has been issued during such period, shallbeliableforthepaymentofpropertytaxwithrespecttosuchmotor vehicle in the town where such motor vehicle is subject to property tax onthefirst dayofJulyofsuchassessment year or thefirstday ofJanuary immediately following such assessment year, as applicable, pursuant to subdivisions (2) and (3) of subsection (b) of this section.

(e)LCO Whenever{\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-0130 anyof motor36 vehicleR02-SB.docx subject} toSubstitute propertyBill taxNo. as provided in this section has been replaced by the owner with another motor vehicle in the assessment year immediately preceding the day on which such property tax is payable, each such motor vehicle shall be subject to property tax as provided in this section.

1208 (e) Whenever any motor vehicle subject to property tax as provided in this section has been replaced by the owner with another motor vehicle in the assessment year immediately preceding the day on which such property tax is payable, each such motor vehicle shall be subject to property tax as provided in this section.

Such property sSB1208tax /shall Filebe No.payable not later than the first day of (1) February following the first day of January on which the owner of such motor vehicle becomes liable for the payment of property tax, for assessment years commencing prior to October 1, [2023] 2024, and (2) the month succeeding the month in which such property tax became due and payable, for assessment years commencing on or after October 1, [2023] 2024, with respect to such motor vehicle in accordance with the provisions of this section, subject to any determination in accordance with section 12-142 that such tax shall be due and payable in installments.

523 30 sSB1208 File No.

523 tax shall be payable not later than the first day of (1) February following the first day of January on which the owner of such motor vehicle becomes liable for the payment of property tax, for assessment years commencing prior to October 1, [2023] 2024, and (2) the month succeeding the month in which such property tax became due and payable, for assessment years commencing on or after October 1, [2023] 2024, with respect to such motor vehicle in accordance with the provisions of this section, subject to any determination in accordance with section 12-142 that such tax shall be due and payable in installments.

(g) Any motor vehicle which is not registered in this state shall be subject to property tax in this state if such motor vehicle in the normal courseLCO of{\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-0131 operation most frequently leaves from and returns to or remains in one or more points within this state, and such motor vehicle shall be subject to such property tax in the town within which such motor vehicle in the normal course of operation36 mostR02-SB.docx frequently} leavesSubstitute fromandreturnstoorremains,providedwhentheownerBill ofsuchmotorNo. vehicle is a resident in any town in the state, it shall be presumed that such motor vehicle most frequently leaves from and returns to or remains in such town unless evidence, satisfactory to the assessor in such town, is submitted to the contrary.

1208 course of operation most frequently leaves from and returns to or remains in one or more points within this state, and such motor vehicle shall be subject to such property tax in the town within which such motor vehicle in the normal course of operation most frequently leaves fromandreturnstoorremains,providedwhentheowner ofsuchmotor vehicle is a resident in any town in the state, it shall be presumed that such motor vehicle most frequently leaves from and returns to or remains in such town unless evidence, satisfactory to the assessor in such town, is submitted to the contrary.

(b) Any person claiming a property tax credit with respect to a motor sSB1208vehicle /in Fileaccordance No.with subsection (a) of this section shall file with the assessor in the town in which such person is entitled to such property tax credit, documentation satisfactory to the assessor concerning the sale, total damage, theft or removal and registration of such motor vehicle.

523 31 sSB1208 File No.

523 vehicle in accordance with subsection (a) of this section shall file with the assessor in the town in which such person is entitled to such property tax credit, documentation satisfactory to the assessor concerning the sale, total damage, theft or removal and registration of such motor vehicle.

(74)LCO (A){\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-0132 (i)of For36 aR02-SB.docx period} notSubstitute toBill exceedNo. five assessment years following the assessment year in which it is first registered, any new commercial truck, truck tractor, tractor and semitrailer, and vehicle used in combinationtherewith,whichisusedexclusivelytotransportfreightfor hire and:

1208 (74) (A) (i) For a period not to exceed five assessment years following the assessment year in which it is first registered, any new commercial truck, truck tractor, tractor and semitrailer, and vehicle used in combinationtherewith,whichisusedexclusivelytotransportfreightfor hire and:

(ii) For a period not to exceed five assessment years following the assessment year in which it is first registered, any new commercial truck, truck tractor, tractor and semitrailer, and vehicle used in combination therewith, not eligible under subparagraph (A)(i) of this subdivision, that has a gross vehicle sSB1208weight /rating Filein No.excess of fifty-five thousand pounds and was not registered in this state or in any other jurisdiction but was registered in this state on or after August 1, 1999.

523 32 sSB1208 File No.

523 weight rating in excess of fifty-five thousand pounds and was not registered in this state or in any other jurisdiction but was registered in this state on or after August 1, 1999.

The person holding title to or the registrant of such vehicle for which exemption is claimed shall furnish the assessor or board of assessors with such supporting documentation as said secretary may require, including, but not limited to, evidence of vehicleLCO use,{\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-01233 acquisitionof cost36 andR02-SB.docx registration.} Substitute Bill No.

1208 vehicle use, acquisition cost and registration.

(C)Withrespect to any vehiclewhich is not registeredonthefirstregistered onthefirst day of October in any assessment year and which is registered subsequent sSB1208to /said Filefirst No.day of October but prior to the first day of August in such assessment year, the value of such vehicle for property tax exemption purposes shall be a pro rata portion of the value determined in accordance with subparagraph (D) of this subdivision, to be determined by a ratio, the numerator of which shall be the number of months from the date of such registration, including the month in which registration occurs, to the first day of October next succeeding and the denominator of which shall be twelve.

523 33 sSB1208 File No.

523 to said first day of October but prior to the first day of August in such assessment year, the value of such vehicle for property tax exemption purposes shall be a pro rata portion of the value determined in accordance with subparagraph (D) of this subdivision, to be determined by a ratio, the numerator of which shall be the number of months from the date of such registration, including the month in which registration occurs, to the first day of October next succeeding and the denominator of which shall be twelve.

Sec.LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-0134 of 36 R02-SB.docx } Substitute Bill No.

1208 Sec.

Section 1 July 1, 2023, and 14-33(a) and (b) applicable to assessment years commencing on or after October 1, 2024 sSB1208Sec. / File No.

523 34 sSB1208 File No.

523 Sec.

6 July 1, 2023, and 12-53(a) applicable to assessment years commencing on or after October 1, 2024 July 1, 2023, and Sec.

7 July 1, 2023, and 12-71 applicable to assessment years commencing on or after October 1, 2024 Sec.LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-01208- 35 of 36 R02-SB.docx } Substitute Bill No.

1208 Sec.

sSB1208FIN /Joint FileFavorable No.LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2023SB-01208- 36 of 36 R02-SB.docx }

523 35 sSB1208 File No.

523 The following Fiscal Impact Statement and Bill Analysis are prepared for the benefit of the members of the General Assembly, solely for purposes of information, summarization and explanation and do not represent the intent of the General Assembly or either chamber thereof for any purpose.

In general, fiscal impacts are based upon a variety of informational sources, including the analyst’s professional knowledge.

Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.

OFA Fiscal Note State Impact:

None Municipal Impact:

See below Explanation The bill delays, by one year, changes to motor vehicle taxation and assessment procedures made in a 2022 law.

This will shift out any grand list and corresponding mill rate adjustments related to these changes to FY 26.

The Out Years The annualized ongoing fiscal impact identified above would continue into the future subject to inflation.

sSB1208 / File No.

523 36 sSB1208 File No.

523 OLR Bill Analysis sSB 1208 AN ACT IMPLEMENTING A ONE-YEAR DELAY TO CERTAIN CHANGES IN STATUTES CONCERNING THE ASSESSMENT OF MOTOR VEHICLES FOR PROPERTY TAXATION.

SUMMARY This bill delays, by one year, provisions in a 2022 law that made various changes to motor vehicle taxation and assessment procedures (PA 22-118, §§ 497-509).

Under current law, these changes take effect for assessment years beginning on and after October 1, 2023.

The bill delays their effective date by one year, to assessment years beginning on and after October 1, 2024.

Primarily, they do the following:

1.

exempt from property tax snowmobiles, all-terrain vehicles, and utility trailers used exclusively for personal purposes (§ 11);

2.

require municipalities to value motor vehicles based on their manufacturer’s suggested retail price (MSRP) and a 20-year depreciation schedule, rather than the schedule of values annually recommended by the Office of Policy and Management (OPM) (§§ 3 & 4);

3.

move up (from December 1 to November 1) the date by which the Department of Motor Vehicles (DMV) must give municipalities annual reports on motor vehicles registered in the municipality and increase the frequency with which DMV must give them supplemental reports updating this information (§ 2);

4.

modify the timeline for supplemental property taxes due on motor vehicles registered after each assessment year starts and extend the supplemental tax bill requirement to vehicles registered in August and September of each assessment year (§ sSB1208 / File No.

523 37 sSB1208 File No.

523 8);

5.

extend the period during which taxpayers may claim a property tax credit for motor vehicles that were stolen, sold, totaled, or moved out of state (§ 9);

6.

require taxpayers to include on personal property declarations motor vehicles that are included in a schedule of motor vehicle plate classes established by OPM (§§ 5-7);

7.

prohibit DMV from issuing a vehicle registration or renewal to anyone who owes property taxes on any taxable motor vehicle, rather than only registered vehicles (§ 1);

and 8.

eliminate a requirement that municipalities issue a validation sticker showing property taxes have been paid on certain commercial motor vehicles used for construction, paving, or other similar purpose (§ 7).

EFFECTIVE DATE:

July 1, 2023, and applicable to assessment years starting on or after October 1, 2024.

COMMITTEE ACTION Planning and Development Committee Joint Favorable Substitute Yea 21 Nay 0 (03/24/2023) sSB1208 / File No.

523 38