Page 734

House Bill No. 5506

Public Act No. 22-118 734 of 739

of October in any assessment year and which is registered subsequent to said first day of October but prior to the first day of August in such assessment year, the value of such vehicle for property tax exemption purposes shall be a pro rata portion of the value determined in accordance with subparagraph (D) of this subdivision, to be determined by a ratio, the numerator of which shall be the number of months from the date of such registration, including the month in which registration occurs, to the first day of October next succeeding and the denominator of which shall be twelve. For purposes of this subdivision, "assessment year" means the period of twelve full months commencing with October first each year; (D) [Notwithstanding] For assessment years commencing prior to October 1, 2023, notwithstanding the provisions of section 12-71d, the assessor or board of assessors shall determine the value for each vehicle with respect to which a claim for exemption under this subdivision is approved, based on the vehicle's cost of acquisition, including costs related to the modification of such vehicle, adjusted for depreciation; Sec. 507. Section 12-81 of the 2022 supplement to the general statutes is amended by adding subdivision (80) as follows (Effective July 1, 2022, and applicable to assessment years commencing on or after October 1, 2023): (NEW) (80) For assessment years commencing on or after October 1, 2023, any snowmobile, all-terrain vehicle or residential utility trailer, provided such property is exclusively for personal use. Sec. 508. Subsection (a) of section 12-42 of the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2022): (a) Any person required by law to file an annual declaration of personal property may request a filing extension with the assessor of the municipality. Such request shall be made on or before the first day of