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Motor Vehicle Tax Payments
C.G.S. Section 4-66l provides for motor vehicle property tax grants. Pursuant to C.G.S. Section 12-71e, municipalities may not impose mill rates higher than 32.46 mills on motor vehicles for the assessment year commencing October 1, 2021, and each assessment year thereafter. No district or borough may set a motor vehicle mill rate that if combined with the motor vehicle mill rate of the municipality would result in a combined rate above 32.46. The municipal transition grant reimburses municipalities and districts for the foregone tax revenue resulting from this motor vehicle property tax cap. Grants are paid pursuant to a formula pursuant to Subsection (c) of Section 4-66l. Grants are paid not later than August 1st.
Municipal Revenue Sharing Grant
Pursuant to subsection (b)(3) of section 4-66l, after the statutory payment requirements are satisfied, moneys remaining in the Municipal Revenue Sharing Fund (MRSF) will be distributed to municipalities according to the formula in subsection (e) of section 4-66l. Each municipality’s grant is calculated based on attributes including mill rate and population. Grants to municipalities that exceed the spending cap or rate of inflation as defined in section 4-66l are reduced according to the provisions of that section. Applicable excess revenues deposited into MRSF between July 1 and June 30 must be distributed to municipalities not later than October 1st following the end of the fiscal year.
Supplemental Revenue Sharing Grant
Combines the previous payment lists established in S.A. 21-15 for Municipal Revenue Sharing and Municipal Stabilization and distributes the combined payments as Supplemental Revenue Sharing grants from the Municipal Revenue Sharing Fund. Grants are paid pursuant to payment list in Public Act 23-204 Section 75 not later than October 31st.
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For further information: Gregory.Lowrey@ct.gov or 860.418.6308