Sec. 12-499. Disposition of revenues.
Sec. 12-499. Disposition of revenues. 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.