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Conn. Gen. Stat. § 12-81nn

Municipal option to provide exemption for workforce housing development projects

(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.

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.

Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.