CONNECTICUT STATUTES AND CODES
Sec. 12-638l. Additional tax imposed with that under section 12-638b when the real property conveyed is classified as open space, maritime heritage, farm or forest land at the time of transfer.
Sec. 12-638l. Additional tax imposed with that under section 12-638b when
the real property conveyed is classified as open space, maritime heritage, farm or
forest land at the time of transfer. (a) Any land which has been classified by the record
owner thereof as open space land pursuant to section 12-107e or as maritime heritage
land pursuant to section 12-107g, shall, if a controlling interest in the entity which
possesses an interest in such land is sold within a period of ten years from the time the
owner first caused such land to be so classified, be subject to a tax applicable to the
present true and actual value of such land, which tax shall be in addition to the tax
imposed under this chapter. Said tax shall be at the following rate: (1) Ten per cent of
said present true and actual value if sold within the first year following the date of such
classification; (2) nine per cent if sold within the second year following the date of such
classification; (3) eight per cent if sold within the third year following the date of such
classification; (4) seven per cent if sold within the fourth year following the date of such
classification; (5) six per cent if sold within the fifth year following the date of such
classification; (6) five per cent if sold within the sixth year following the date of such
classification; (7) four per cent if sold within the seventh year following the date of such
classification; (8) three per cent if sold within the eighth year following the date of such
classification; (9) two per cent if sold within the ninth year following the date of such
classification; and (10) one per cent if sold within the tenth year following the date of
such classification. No tax shall be imposed on such record owner by the provisions of
this chapter following the end of the tenth year after the date of such classification by
such record owner.
(b) Any land which has been classified by the record owner thereof as farm land
pursuant to section 12-107c or as forest land pursuant to section 12-107d shall, if a
controlling interest in the entity which possesses an interest in such land is sold within
a period of ten years from the time the owner acquired title to such land or from the
time he first caused such land to be so classified, whichever is earlier, be subject to a
tax applicable to the present true and actual value of such land, which tax shall be in
addition to the tax imposed under this chapter. Said conveyance tax shall be at the
following rate: (1) Ten per cent of said present true and actual value if sold within the
first year of ownership by such record owner; (2) nine per cent if sold within the second
year of ownership by such record owner; (3) eight per cent if sold within the third year
of ownership by such record owner; (4) seven per cent if sold within the fourth year of
ownership by such record owner; (5) six per cent if sold within the fifth year of ownership
by such record owner; (6) five per cent if sold within the sixth year of ownership by
such record owner; (7) four per cent if sold within the seventh year of ownership by
such record owner; (8) three per cent if sold within the eighth year of ownership by such
record owner; (9) two per cent if sold within the ninth year of ownership by such record
owner; and (10) one per cent if sold within the tenth year of ownership by such record
owner. No conveyance tax shall be imposed by the provisions of this chapter following
the end of the tenth year of ownership by such record owner.
(P.A. 89-251, S. 50, 203; P.A. 07-127, S. 11.)
History: P.A. 89-251, S. 50 effective July 1, 1989, and applicable to sales or transfers of real property occurring on or
after that date; P.A. 07-127 added reference to Sec. 12-107g and maritime heritage land in Subsec. (a), effective July 1, 2007.
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