General Assembly Proposed Bill No. 5474
January Session, 2013 LCO No. 1446
Referred to Committee on ENERGY AND TECHNOLOGY
Introduced by:
REP. STALLWORTH, 126th Dist.
General Assembly
Proposed Bill No. 5474
January Session, 2013
LCO No. 1446
Referred to Committee on ENERGY AND TECHNOLOGY
Introduced by:
REP. STALLWORTH, 126th Dist.
AN ACT EXEMPTING FROM PROPERTY TAX CLASS I RENEWABLE ENERGY SOURCES FOR MUNICIPAL USE.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That section 12-81 of the general statutes be amended to exempt from property tax any Class I renewable energy source owned by a nonmunicipal party and installed for the generation of electricity on a municipal building.
Statement of Purpose:
To promote the use of renewable energy sources and to allow municipalities to benefit from such sources by expanding current law that allows a property tax exemption for renewable energy sources only if the generation of electricity is for residential or farm use.