OLR Bill Analysis

HB 5493

AN ACT CONCERNING PROPERTY TAX PAYMENTS DURING A CIVIL PREPAREDNESS EMERGENCY.

SUMMARY:

This bill allows taxpayers to delay payment of any property tax installment due during a declared civil preparedness emergency (see BACKGROUND) without accruing interest charges, as long as they pay the installment in full no later than 5 business days from when the governor declares that the emergency is over.

By law, property taxes accrue interest at a rate of 1. 5% per month (18% per year) for each month or part of a month that elapses between the due date and the payment date.

EFFECTIVE DATE: October 1, 2012

BACKGROUND

Civil Preparedness Emergency

The law authorizes the governor to proclaim a state of civil preparedness emergency in the event, or imminent threat, of serious disaster, enemy attack, sabotage, or other hostile action. In such cases, the governor may (1) take direct operational control of any or all parts of the state's civil preparedness forces and functions and (2) modify and suspend any statute, regulation, or requirement he believes conflicts with the speedy and efficient execution of such functions. Such a proclamation is in effect when filed with the secretary of state and the governor's expanded powers continue until he proclaims an end to the emergency (CGS 28-9).

COMMITTEE ACTION

Planning and Development Committee

Joint Favorable

Yea

19

Nay

0

(03/19/2012)