Signed by Governor Ned Lamont

Vote Smart's Synopsis:

Vote to pass a bill that amends motor vehicle property tax assessments, among various changes to other areas.

Highlights:

• Amends the motor vehicle property tax assessments (Sec. 1).

• Establishes a provision to ensure the cap on motor vehicle taxes applies to commercial vehicles (Sec. 13). 

• Establishes innovation banks (Sec. 14).

• Authorizes forgiveness based on interest for taxpayers who made underpayments of taxes due to changing guidance on the employee retention credit (Sec. 30). 

• Prohibits bar construction managers on school construction projects from bidding as subcontractors (Sec. 32). 

• Authorizes a quasi public water authority to bid on the purchase of Aquarian, a privately held water company that is for sale (Sec. 34). 

• Amends certain requirements for projects that impact historic structures and landmarks (Sec. 43). 

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that amends motor vehicle property tax assessments, among various changes to other areas.

Highlights:

• Amends the motor vehicle property tax assessments (Sec. 1).

• Establishes a provision to ensure the cap on motor vehicle taxes applies to commercial vehicles (Sec. 13). 

• Establishes innovation banks (Sec. 14).

• Authorizes forgiveness based on interest for taxpayers who made underpayments of taxes due to changing guidance on the employee retention credit (Sec. 30). 

• Prohibits bar construction managers on school construction projects from bidding as subcontractors (Sec. 32). 

• Authorizes a quasi public water authority to bid on the purchase of Aquarian, a privately held water company that is for sale (Sec. 34). 

• Amends certain requirements for projects that impact historic structures and landmarks (Sec. 43). 

Full Bill Text