Connecticut Land Value Tax Bill passes out of Planning Committee
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Incentive Taxation

Connecticut Land Value Tax Bill passes out of Planning Committee

The vote took place on March 23, after the bill had been redefined to permit up to three cities to enact LVT as a pilot.  The bill  is far more flexible than 2009's LVT bill, and UrbanTools has pinpointed several cities that may be able to take advantage of this exciting new development in the effort to help Connecticut cities who are in deeper fiscal waters along with the state government.
 
SB130, sponsored by Senate Majority Leader Martin Looney has made the grade,a nd is not set to get a vote on the main Senate floor in the very near future. The was 14 to 6, reflecting the controversy land value taxation has raised.
 
The vote took place on March 23, after the bill had been redefined to permit up to three cities to enact LVT as a pilot.  The bill  is far more flexible than 2009's LVT bill, and UrbanTools has pinpointed several cities that may be able to take advantage of this exciting new development in the effort to help Connecticut cities who are in deeper fiscal waters along with the state government.
 
Present at the hearing were such LVT advocates as the Connecticut Conference of Municipalities, the CT Homebuilders' Association, ReNew-London's Art Costa, and Stamford community activist and LVT advocate Wyn Achenbaum, who all gave testimony.
 

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