The tax imposed by section 12-494 and the revenues produced thereby shall, after remitting the portion thereof payable to the Commissioner of Revenue Services as provided in said section 12-494, become part of the general revenue of the municipality in which the tax is paid except that, in municipalities where the town clerk is paid from fees, such town clerk shall retain one dollar of the tax for each deed, instrument or writing recorded, the value of the property or interest of which is two thousand dollars or more. Each town clerk shall remit at least monthly all revenues due to the municipality under this chapter.
(1967, P.A. 693, S. 6; June Sp. Sess. P.A. 83-1, S. 7, 15.)
History: June Sp. Sess. P.A. 83-1 added reference to the portion of total conveyance tax imposed under chapter 223 payable to commissioner of revenue services as provided in Sec. 12-494, effective July 1, 1983, and applicable to conveyances occurring on or after said date.
Structure Connecticut General Statutes
Chapter 223 - Real Estate Conveyance Tax
Section 12-494a. - Deposit of portion of tax in municipal revenue sharing account.
Section 12-495. - Payment of tax. Endorsement.
Section 12-496. - Endorsement in cases of tax exemption.
Section 12-497a. - Exemptions.
Section 12-498. - Exempt transactions.
Section 12-499. - Disposition of revenues.
Section 12-500. - Allocation of tax among municipalities.
Section 12-501 and 12-502. - False statement of tax prohibited. Penalty.
Section 12-502a. - Administrative provisions. Penalties. Hearings and appeals.
Section 12-502b. - Deficiency assessment.
Section 12-503. - Recording without payment of tax as constructive notice.
Section 12-504. - Effect of federal transfer tax.
Section 12-504b. - Payment of tax; land declassified; assessment change.
Section 12-504c. - Excepted transfers. Change of ownership requirements.
Section 12-504e. - Conveyance tax applicable on change of use or classification of land.
Section 12-504g. - Recording without payment of tax as constructive notice.