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CT To Begin Kicking Homeowners While They’re Down With New Tax
November 21, 2009 by admin · Leave a Comment
Connecticut Plan To Lift Tax Exemption In Foreclosures Stirs Debate
By DON STACOM, Hartford Courant
HARTFORD — – Losing a property to creditors will get more painful next year: Some homeowners in foreclosure will be hit with a new tax.
Foreclosures sales have been exempt from Connecticut’s real estate conveyance tax for years, but the General Assembly is ending that break Jan. 1.
The state is making the change to help close gaps in its budget, and cash-strapped municipalities are eager to get their share of the new revenue, too. But several state lawmakers say they’re already dissatisfied with the change.
“I really believe that this is pouring salt into the wounds,” state Rep. William Hamzy, R-Plymouth, told colleagues…
http://www.courant.com/news/connecticut/hc-real-estate-tax-1119.artnov19,0,66943.story
