Did not become law. It stopped in the Senate's Finance, Revenue and Bonding Committee on April 10, 2023. The 2023 session has ended.
2023 Regular Session
Senate Bill 1240
AN ACT CONCERNING THE MILL RATE FOR COMMERCIAL AND INDUSTRIAL REAL PROPERTY, IMPLEMENTING A MUNICIPAL TAX REVENUE SHARING PROGRAM AND ESTABLISHING TAX CREDIT VOUCHER PROGRAMS TO INCENTIVIZE COMMERCIAL LEASES AND RESIDENTIAL CONVERSIONS.
What it does
The synopsis the General Assembly published with the bill.
To (1) implement a mill rate cap for commercial and industrial real property and provide reimbursement to municipalities for the resulting revenue loss, (2) implement a municipal tax revenue sharing program, and (3) establish tax credit voucher programs to incentivize commercial leases and residential conversions.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the Senate
Sponsor
Its course
April 6 to April 10, 2023, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action2 actions on 2 days
In the SenateApr 6 to Apr 10 · stopped4 days
Finance, Revenue and Bonding CommitteeApr 6 to Apr 10 · stopped4 days
Text
Each version as the General Assembly printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the General Assembly published it is below.
In the Senate Apr 6 – Apr 10
- Apr 6Introduced and sent to Finance, Revenue and Bonding Committee
- Apr 10Heard in Finance, Revenue and Bonding Committee
All 2 actions, as published
- Apr 6REF. TO JOINT COMM. ONBoth houses
- Apr 10PUBLIC HEARINGBoth houses