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Two bills changing system for tax exempt property move forward

HARTFORD, Conn. – A bill that would allow private colleges and hospitals to negotiate property taxes with their respective municipalities cleared its first hurdle Tuesday with a 14-5 vote of the Planning and Development Committee.

The bill proposed by House Speaker Brendan Sharkey would change the payment-in-lieu-of-taxes program, also known as PILOT, by placing the burden on the institutions to seek reimbursement from the state. Currently, the institutions don’t pay any property tax and the state sends a partial payment to the municipalities. Sharkey’s proposal reverses this process.

But even lawmakers who voted in favor of the bill were skeptical that it would actually solve the problems with the state’s tax structure.

Sen. Cathy Osten, the panel’s co-chairwoman, said she was not in favor of the bill because she didn’t think the bill adequately addressed the issues.

See the complete story at CT News Junkie

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