Page 714
House Bill No. 5506
Public Act No. 22-118 714 of 739
Sec. 502. Subsection (a) of section 12-53 of the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2022, and applicable to assessment years commencing on or after October 1, 2023): (a) For purposes of this section: (1) "Omitted property" means property for which complete information is not included in the declaration required to be filed by law with respect to [either] (A) the total number and type of all items subject to taxation, [or] (B) the true original cost and year acquired of all such items, or (C) on or after October 1, 2023, the manufacturer's suggested retail price of a motor vehicle plus any applicable after-market alterations to such motor vehicle, (2) "books", "papers", "documents" and "other records" includes, but is not limited to, federal tax forms relating to the acquisition and cost of fixed assets, general ledgers, balance sheets, disbursement ledgers, fixed asset and depreciation schedules, financial statements, invoices, operating expense reports, capital and operating leases, conditional sales agreements and building or leasehold ledgers, and (3) "designee of an assessor" means a Connecticut municipal assessor certified in accordance with subsection (b) of section 12-40a, a certified public accountant, a revaluation company certified in accordance with section 12-2c for the valuation of personal property, or an individual certified as a revaluation company employee in accordance with section 12-2b for the valuation of personal property. Sec. 503. Section 12-71 of the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2022, and applicable to assessment years commencing on or after October 1, 2023): (a) [All] (1) For assessment years commencing prior to October 1, 2023, goods, chattels and effects or any interest therein, including any interest in a leasehold improvement classified as other than real property, belonging to any person who is a resident in this state, shall be listed for purposes of property tax in the town where such person