SB 1064 — AN ACT CONCERNING A WAIVER OF INTEREST ON PROPERTY TAX PAYMENTS FOR CERTAIN REAL AND PERSONAL PROPERTY AND THE INTEREST RATE FOR CERTAIN TAXES AND ASSESSMENTS.

Senate General Assembly FileSubstitute Bill No.

5641064 January Session, 2021 SubstituteAN SenateACT BillCONCERNING No.A WAIVER OF INTEREST ON PROPERTY TAX PAYMENTS FOR CERTAIN REAL AND PERSONAL PROPERTY AND THE INTEREST RATE FOR CERTAIN TAXES AND ASSESSMENTS.

1064 Senate, April 21, 2021 The Committee on Planning and Development reported through SEN.

CASSANO of the 4th Dist., Chairperson of the Committee on the part of the Senate, that the substitute bill ought to pass.

AN ACT CONCERNING A WAIVER OF INTEREST ON PROPERTY TAX PAYMENTS FOR CERTAIN REAL AND PERSONAL PROPERTY AND THE INTEREST RATE FOR CERTAIN TAXES AND ASSESSMENTS.

Section 12-145 of the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2021, and sSB1064applicable /to Fileany No.determination of interest on delinquent taxes on or after July 1, 2021):

564The 1tax sSB1064collector Fileof each municipality shall, at least five days next preceding the time when each tax becomes due and payable, give notice of the time and place at which the tax collector will receive such tax by advertising in a newspaper published in such municipality or, if no LCO \\PRDFS1\SCOUSERS\FORZANOF\WS\2021SB-01064-R01 of 7 SB.docx Substitute Bill No.

5641064 applicablenewspaper tois published in such municipality, by advertising in any determinationnewspaper of interestthe onstate delinquenthaving taxesa general circulation in such municipality and by posting such notice on a signpost, a bulletin board or afterthe Julymunicipality's 1,Internet 2021):web site.

The tax collector of each municipality shall, at least five days next preceding the time when each tax becomes due and payable, give notice of the time and place at which the tax collector will receive such tax by advertising in a newspaper published in such municipality or, if no newspaper is published in such municipality, by advertising in any newspaper of the state having a general circulation in such municipality and by posting such notice on a signpost, a bulletin board or the municipality's Internet web site.

If any tax due ina singleinstallment or ifany installment of any tax due in two or more installments is not paid in full (1) on or before sSB1064the /first Fileday of the month next succeeding the month in which it became due and payable, or ifnot due and payable on the first day of the month, (2) on or before the same date of the next succeeding month correspondingtothatofthemonthonwhichit becamedueandpayable, the whole or such part of such installment as is unpaid shall thereupon be delinquent and shall be subject to interest from the due date of such LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2021SB-01062 of 7 R02-SB.docx } Substitute Bill No.

5641064 2delinquent sSB1064installment. File No.

564 the first day of the month next succeeding the month in which it became due and payable, or ifnot due and payable on the first day of the month, (2) on or before the same date of the next succeeding month correspondingtothatofthemonthonwhichit becamedueandpayable, the whole or such part of such installment as is unpaid shall thereupon be delinquent and shall be subject to interest from the due date of such delinquent installment.

in which event, interest on the remaining portion of the principal of any such tax shall be computed, as the case may be, from the due date of such tax if no other payment after delinquency has been made or from the last date of payment of interest in full on the whole amount or unpaid balance of the principal of such delinquent tax if sSB1064previous /payment Fileof No.interest has been made.

564 3 sSB1064 File No.

564 previous payment of interest has been made.

No tax or installment thereof shall be construed to be delinquent under the provisions of this section if (A) such tax or installment was paid through a municipal electronic paymentLCO service{\\PRDFS1\SCOUSERS\FORZANOF\WS\2021SB-01063 within the time allowed by statute for payment of such7 taxR02-SB.docx or} installment,Substitute orBill (B)No. the envelope containing the amount due as such tax or installment, as received by the tax collector of the municipality to which such tax is payable, bears a postmark showing a date within the time allowed by statute for the payment of such tax or installment.

1064 payment service within the time allowed by statute for payment of such tax or installment, or (B) the envelope containing the amount due as such tax or installment, as received by the tax collector of the municipality to which such tax is payable, bears a postmark showing a date within the time allowed by statute for the payment of such tax or installment.

Each such lien may be continued, recorded and released in the manner provided by the general statutes for sSB1064continuing, /recording Fileand No.releasing property tax liens.

564 4 sSB1064 File No.

564 continuing, recording and releasing property tax liens.

Subsection (a) of section 7-328 of the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2021, and applicable to any determination of interest on delinquent taxes on or afterLCO July{\\PRDFS1\SCOUSERS\FORZANOF\WS\2021SB-01064 1,of 2021):7 R02-SB.docx } Substitute Bill No.

1064 after July 1, 2021):

The district clerk shall, within ten days of receipt of any such certificate or notice, forward a copy thereof to the treasurer, and the assessment of the property for which such certificate or notice was sSB1064issued /and Filethe No.rate bill related thereto shall be corrected accordingly.

564If 5the sSB1064district Fileconstructs any drain, sewer, sidewalk, curb or gutter, such proportion of the cost thereof as such district determines may be assessed by the board of directors, in the manner prescribed by such district, upon the property specially benefited by such drain, sewer, LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2021SB-010645 of 7 R02-SB.docx } Substitute Bill No.

5641064 issuedsidewalk, andcurbor thegutter, rateandthebalance billofsuchcostsshallbepaidfrom relatedthe theretogeneral shallfunds beof correctedthe accordingly.district.

If the district constructs any drain, sewer, sidewalk, curb or gutter, such proportion of the cost thereof as such district determines may be assessed by the board of directors, in the manner prescribed by such district, upon the property specially benefited by such drain, sewer, sidewalk, curbor gutter, andthebalance ofsuchcostsshallbepaidfrom the general funds of the district.

sSB1064This /act Fileshall No.take effect as follows and shall amend the following sections:

564LCO 6{\\PRDFS1\SCOUSERS\FORZANOF\WS\2021SB-01064-6 sSB1064of File7 R02-SB.docx } Substitute Bill No.

5641064 ThisSection act1 shallJuly take1, effect2021, asand followsNew andsection shallapplicable amendto theany followingdetermination sections:of interest on delinquent taxes on or after July 1, 2021 Sec.

Section 1 July 1, 2021, and New section applicable to any determination of interest on delinquent taxes on or after July 1, 2021 Sec.

5 July 1, 2021, and 7-328(a) applicable to any determination of interest on delinquent taxes on or after July 1, 2021 StatementPD ofJoint LegislativeFavorable Commissioners:Subst.

SectionJoint 2Favorable wasLCO added{\\PRDFS1\SCOUSERS\FORZANOF\WS\2021SB-01064- for7 statutoryof consistency7 andR02-SB.docx the} subsequent sections were renumbered accordingly.

PD Joint Favorable Subst sSB1064 / File No.

564 7 sSB1064 File No.

564 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:

Municipalities Effect FY 22 $ FY 23 $ All Municipalities Revenue See Below See Below Loss Explanation The bill results in a revenue loss to municipalities by reducing the interest rate they collect on delinquent taxes from 18% to 12%.