Laws & Taxes
Regulators Approve Connecticut Water Settlement; $10 Million Tax Refund Will Reduce Rates Charged to Customers
WASHINGTON, D.C. – September 4, 2013 – (RealEstateRama) — Attorney General George Jepsen and Consumer Counsel Elin Swanson Katz said rates charged to Connecticut Water Co. customers will be reduced by an estimated 6.4 percent beginning April 1, 2014, because state regulators have approved a negotiated settlement with the utility.
Williams Works With Governor Malloy to Grant Quarterly Property Taxpayers Grace Period from Interest
BROOKLYN, CT – November 2, 2012 – (RealEstateRama) — With residents across Connecticut are consumed with recovery efforts as the result of Hurricane Sandy, State Senate President Donald E. Williams Jr., (Brooklyn/Killingly) today asked Governor Malloy to issue an executive order granting taxpayers a 15 day grace period from the accrual of interest on personal property and real property in the 12 Connecticut towns with October installments due November 1st.
West Hartford, CT – March 7, 2012 – (RealEstateRama) — Come learn the step-by-step, nuts and bolts Money Making Secrets of Finding, Buying, Structuring, Holding, Managing, Financing and Selling Real Estate revealed by a Full Time Professional who has been buying and selling houses since he was a teenager
March 6, 2012 – (RealEstateRama) — The Connecticut Housing Finance Authority is pleased to announce Application Overview Sessions on the Housing Tax Credit Contribution (HTCC) Program for 2012 on Monday, April 2, 2012 and Tuesday, April 3, 2012 beginning at 9:00 a.m. at the CHFA Offices located at 999 West Street, Rocky Hill, CT 06067 in the Boardroom.
July 1 30, 2011 – (RealEstateRama) — Early Friday morning, on the first day of the new fiscal year, Senate Democratic leaders led passage of a budget bill that ensures Connecticut will have a balanced budget for the next biennium. As a result of the failure of the state employee unions to ratify the $1.6 billion concessions package, the General Assembly worked with the Malloy Administration to craft legislation that closes the budget gap—$700 million in the current fiscal year.
New Law Allows Towns to Waive Interest Owed on Property Taxes by Members of Armed Forces on Active Duty
June 16, 2011 – (RealEstateRama) — Senate Majority Leader Martin Looney (D-New Haven / Hamden), Senator Carlo Leone (D-Stamford), and Senator Eileen Daily (D-Westbrook) say passage of Senate Bill 377 will give municipalities the option to waive interest owed on property taxes by members of the armed services who are on active duty.
Connecticut Real Estate Investors Assn. (CT REIA) Announces March 2011 Meeting With Tax Reduction Specialist Al Aiello
West Hartford, CT – March 9, 2011 – (RealEstateRama) — The Connecticut Real Estate Investors Association, or CT REIA, in association with Al Aiello, is announcing the March 2011 CT REIA monthly meeting for real estate investors. This event will take place on Monday March 21, 2011, from 5:30pm to 9:00pm at the Crowne Plaza Hotel, 100 Berlin Road, Cromwell, CT. This event is free for CT REIA members, and $30 for not-yet-members.
Looney: Towns Should Be Able to Waive Interest Owed On Property Taxes by Members of Armed Forces on Active Duty
February 14, 2011 – (RealEstateRama) — Senate Majority Leader submits testimony in support of proposal that would give towns discretion; says this is a simple ‘matter of fairness’. Hartford: Senate Majority Leader Martin Looney (D-New Haven / Hamden) submitted testimony this week in support of a bill that would give municipalities the option to waive interest owed on property taxes by members of the armed services who are on active duty
January 13, 2011 – (RealEstateRama) — The Connecticut Housing Finance Authority (CHFA) is pleased to announce two (2) Application Overview Sessions for the 2011 Low-Income Housing Tax Credit (LIHTC) Program have been scheduled for:
GRISWOLD, CT – November 1, 2010 – (RealEstateRama) — State Sen. Andrew M. Maynard (D-Stonington), who is Senate Chairman of the legislature’s Veteran’s Committee, today welcomed news that Connecticut Light & Power has purchased $500,000 worth of state housing tax credits in order to help create 18 units of affordable housing for veterans on the site of the American Legion Hall in the borough of Jewett City.
Hartford, CT – July 1, 2010 – (RealEstateRama) — Starting July 1st thousands of seniors across Connecticut who are struggling to stay in their homes will have the opportunity to receive additional support from the state—and Senate Democratic leaders calls it a win-win for seniors and taxpayers.
June 23, 2010 – (RealEstateRama) — CT REIA and Al Aiello presents: Free Webinar – LLC’s Have Great Money-Saving Benefits, but most are Worthless?
April 30, 2010 – (RealEstateRama) — The Connecticut Conference of Municipalities today, April 30, expressed its gratitude to the leaders of the State House of Representatives for passing much-needed mandates relief, local revenue diversity, and help in stemming health insurance increases.
60 Million of Tax-Exempt Bond Financing Available for Rental Housing Under New Notice of Funding Availability (“NOFA”)
April 15, 2010 – (RealEstateRama) — The Connecticut Housing Finance Authority (CHFA) announces availability of approximately $60,000,000 for construction and permanent Tax-Exempt Bond (TEB) financing for multifamily rental housing developments. TEB financing is typically paired with 4% Low-Income Housing Tax Credits (LIHTC) as a source of investor equity. Under this notice of funding availabilty, CHFA will be accepting both TEB financing and 4% LIHTC applications
Washington, DC – April 14, 2010 – (RealEstateRama) — Congressman Jim Himes (CT-4) reminded constituents today that Connecticut taxpayers are seeing significant relief as a result of new tax breaks for middle and low-income families. As noted by former Reagan policy advisor Bruce Bartlet, ?“…federal taxes are very considerably lower by every measure since Obama became president.” All totaled, Congress has enacted over $800 billion in tax cuts, including the Making Work Pay, First-time Homebuyer, and new residential energy tax credits, with another $285 billion in cuts also making their way through Congress, such as permanent estate tax relief and the R&D tax credit to spur business innovation.“The tax cuts we enacted this past year are putting money back in the pockets of hard-working Connecticut families and individuals,” said Himes. “I encourage everyone who is eligible to take advantage of this year’s new tax cuts.”