[Adopted 6-14-2006; amended in its entirety 4-12-2007]
Any person who is liable for taxes assessed
on real property located in the Town of Branford, which property is
occupied by such person as his or her personal residence, whether
such person is owner of the real property or is liable for taxes therein
under provisions of Connecticut General Statutes Section 12-48, as
amended, as a tenant for life or for a term of years, and who shall
be determined eligible for the Elderly and Totally Disabled Tax Relief
Program (Connecticut General Statutes Sections 12-129b through 12-129d
and 12-170aa) as administered by the State of Connecticut, shall be
entitled to tax relief as authorized by Section 12-129n of the Connecticut
General Statutes in the form of a tax credit. The amount of the tax
credit afforded under this article shall not exceed $300 per eligible
applicant and shall apply only to owner-occupied residential dwellings
or portion thereof occupied and to residential dwelling site lots
on which an eligible dwelling is situated. The total of all credits
granted under provisions of this article shall not exceed $134,000
for the 2007-2008 fiscal year and for future years shall not exceed
0.20% of the total amount of taxes collected against the most recent
grand list year for which audit figures are available. The amount
of tax collection receipts multiplied by 0.20% shall constitute a
spending cap, which shall not be exceeded. If the sum of all credits
exceeds such spending cap, then the credits shall be prorated among
all eligible claimants in this program. This article shall become
effective and apply commencing with taxes due on the Grand List of
October 1, 2006.
