Sec. 13b-39h. Grants to municipalities. - Connecticut Statutes

      Sec. 13b-39h. Grants to municipalities. Payments shall be made from the Special Transportation Fund by the Department of Transportation to municipalities based on aircraft registered in such municipalities as of the October 1, 1992, grand list in a percentage of the total tax that the municipality would have collected in personal property tax pursuant to section 12-71, assuming such aircraft were subject to assessment (1) on April 1, 1994, a payment in an amount of one hundred per cent of such total amount less such registration fee; (2) on April 1, 1995, a payment in an amount of one hundred per cent of such total amount less such registration fee; (3) on April 1, 1996, a payment in an amount of ninety per cent of such total amount; (4) on April 1, 1997, a payment in an amount of seventy per cent of such total amount; (5) on April 1, 1998, a payment in an amount of fifty per cent of such total amount; (6) on April 1, 1999, a payment in an amount of thirty per cent of such total amount; and (7) on April 1, 2000, a payment in an amount of ten per cent of such total amount. In no event shall the total of the registration fees and the payments from the department pursuant to this section exceed one hundred per cent of the total tax the municipality would have collected in personal property tax pursuant to said section 12-71 assuming such aircraft was subject to assessment.

      (P.A. 93-433, S. 17, 26.)

      History: P.A. 93-433 effective July 1, 1993.