General Assembly Raised Bill No. 6326
January Session, 2013 LCO No. 2672
*02672_______PD_*
Referred to Committee on PLANNING AND DEVELOPMENT
Introduced by:
(PD)
General Assembly
Raised Bill No. 6326
January Session, 2013
LCO No. 2672
*02672_______PD_*
Referred to Committee on PLANNING AND DEVELOPMENT
Introduced by:
(PD)
AN ACT CONCERNING PROPERTY TAX ABATEMENTS FOR SOLAR THERMAL RENEWABLE ENERGY SOURCE INSTALLATIONS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (NEW) (Effective October 1, 2013, and applicable to assessment years commencing on or after said date) Any municipality may, by ordinance, abate up to one hundred per cent of the property taxes due for any Class I or nonresidential solar thermal renewable energy source that is installed for the generation or displacement of electricity for business or industrial use.
This act shall take effect as follows and shall amend the following sections:
Section 1 October 1, 2013, and applicable to assessment years commencing on or after said date New section
This act shall take effect as follows and shall amend the following sections:
Section 1
October 1, 2013, and applicable to assessment years commencing on or after said date
New section
Statement of Purpose:
To authorize municipalities to abate, by local option, property taxes due for solar panels installed for business or industrial use.
[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]