Connecticut § 12-62y - Optional regional property tax base revenue sharing: Revenue distribution.
Full text of Connecticut Connecticut General Statutes § 12-62y — Optional regional property tax base revenue sharing: Revenue distribution., with citation guidance and answers to common questions.
§ 12-62y. Optional regional property tax base revenue sharing: Revenue distribution.
Sec. 12-62y. Optional regional property tax base revenue sharing: Revenue distribution. The administrative auditor of each planning region participating in the regional property tax base revenue sharing system shall distribute the moneys remitted to such auditor pursuant to section 12-62v to each municipality on or before March first, annually, in an amount which bears the same proportion as such municipality's municipal distribution index bears to the total of all municipal distribution indices within such planning region. The revenue distributed to a municipality under this section shall be used by a municipality in the same manner and for the same purposes as the proceeds from taxes on real property levied by the municipality.
(P.A. 15-244, S. 215.)
History: P.A. 15-244 effective October 1, 2015, and applicable to assessment years commencing on or after October 1, 2015.
Source: official Connecticut text · Last verified 2026-08-27
Frequently Asked Questions About Connecticut § 12-62y
What does Connecticut General Statutes § 12-62y cover?
Section 12-62y ("Optional regional property tax base revenue sharing: Revenue distribution.") is part of the Connecticut General Statutes, the codified statutory law of Connecticut. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Connecticut § 12-62y?
A common citation format is "Connecticut General Statutes § 12-62y" (Connecticut). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Connecticut law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Connecticut official source linked on this page or consult a licensed Connecticut attorney.
How does Connecticut § 12-62y apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Connecticut can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Connecticut.