2015 Connecticut General Statutes
Title 12 - Taxation
Chapter 203 - Property Tax Assessment
Section 12-81ff - Municipal option to abate property taxes on machinery used in connection with recycling.
(a) For the purposes of this section:
(1) “Municipality” has the same meaning as provided in section 12-129r.
(2) “Recycling” has the same meaning as provided in section 22a-207.
(b) Any municipality may, by ordinance adopted by its legislative body, provide an exemption from property tax for any machinery or equipment used in connection with recycling that is installed on or after October 1, 2013. Any such exemption shall apply only to: (1) The increased value of the commercial or industrial property that is attributable to such machinery or equipment, and (2) the first fifteen assessment years following installation of such machinery or equipment.
(P.A. 13-285, S. 6.)
History: P.A. 13-285 effective October 1, 2013, and applicable to assessment years commencing on or after that date.
Disclaimer: These codes may not be the most recent version. Connecticut may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
