HB 5500

General Assembly  Substitute Bill No. 5500
   February Session, 2026
 AN ACT CONCERNING THE ABATEMENT OR REFUND OF INTEREST
 ON DELINQUENT MUNICIPAL PROPERTY TAXES OWED BY
 CERTAIN COMMON INTEREST COMMUNITIES.
 Be it enacted by the Senate and House of Representatives in General
 Assembly convened:
1     Section 1. (NEW) (Effective from passage) Notwithstanding the
2   provisions of chapter 204 of the general statutes, a municipality may, by
3   vote of its legislative body, (1) abate all or a portion of the total amount
4   of interest on any delinquent real property taxes owed to the
5   municipality by a common interest community, as defined in section 47-
6   202 of the general statutes, that is composed of more than five hundred
7   units, or (2) refund all or a portion of the total amount of such interest
8   paid on such taxes by such community, provided to be eligible for such
9   abatement or such refund pursuant to this section, such community
10   shall be in receivership pursuant to an order of the Superior Court.
  This act shall take effect as follows and shall amend the following
  sections:
  Section 1    from passage  New section
   Statement of Legislative Commissioners:
   In Subdiv. (2), "to be eligible for such abatement or such refund pursuant
   to this section," was added after "provided" and "such community is"
   was changed to "such community shall be" for clarity.
 LCO  1 of 2
  Substitute Bill No. 5500
PD    Joint Favorable Subst.
LCO  2 of 2