Bill Text: CT SB00438 | 2011 | General Assembly | Introduced
Bill Title: An Act Concerning Qualification For The Manufacturing Machinery And Equipment Property Tax Exemption.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2011-01-21 - Referred to Joint Committee on Finance, Revenue and Bonding [SB00438 Detail]
Download: Connecticut-2011-SB00438-Introduced.html
General Assembly |
Proposed Bill No. 438 |
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January Session, 2011 |
LCO No. 2160 | ||||
Referred to Committee on Finance, Revenue and Bonding |
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Introduced by: |
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SEN. FONFARA, 1st Dist. |
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AN ACT CONCERNING QUALIFICATION FOR THE MANUFACTURING MACHINERY AND EQUIPMENT PROPERTY TAX EXEMPTION.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That section 12-94b of the general statutes be amended to authorize the Office of Policy and Management to revise the schedules of exempt property for the prior four years if it is shown that the subject property is eligible for the exemption, that such property should have been excluded from the schedule of taxable property, and that it will be a hardship and unfair to not exempt such property from property taxation.
Statement of Purpose:
To allow the taxing authorities for a municipality and the Office of Policy and Management to review, revise and reconsider tax exemptions for manufacturing property qualifying under section 12-94b of the general statutes as new manufacturing machinery and equipment, but which exemption application was not properly claimed.