Connecticut 2019 Regular Session

Connecticut Senate Bill SB00527 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
	1	+
	2	+
	3	+	LCO 6442 \\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-00527-R03-
	4	+	SB.docx
	5	+	1 of 3
	6	+
	7	+	General Assembly Committee Bill No. 527
	8	+	January Session, 2019
	9	+	LCO No. 6442
	10	+
	11	+
	12	+	Referred to Committee on PLANNING AND DEVELOPMENT
	13	+
	14	+
	15	+	Introduced by:
	16	+	(PD)
1	17
2	18
3	19
4		-	Senate Bill No. 527
5		-
6		-	Public Act No. 19-81
7		-
8		-
9	20		AN ACT PERMITTING MU NICIPALITIES TO COMBINE THE
10		-	PROPERTY ASSESSMENTS OF MULTIPLE ELECTRIC
11		-	~~GENERATING~~ FACILITIES.
	21	+	PROPERTY ASSESSMENTS OF MULTIPLE ELECTRIC GENERATING
	22	+	FACILITIES.
12	23		Be it enacted by the Senate and House of Representatives in General
13	24		Assembly convened:
14	25
15		-	Section 1. Section 32-71a of the general statutes is repealed and the
16		-	following is substituted in lieu thereof (Effective from passage, and
17		-	applicable to assessment years commencing on and after October 1, 2018):
18		-	(a) Any electric generating facility, the construction of which is
19		-	completed after July 1, 1998, may be treated for the purposes of section
20		-	32-71 as if it were located in an enterprise zone and used for
21		-	commercial or retail purposes. Notwithstanding the provisions of
22		-	section 32-71, upon the approval of a municipality's legislative body,
23		-	either before or after July 1, 2001, the full amount of either assessments
24		-	or taxes may be fixed for the real and personal property of such electric
25		-	generating facility both during and after the construction period,
26		-	provided such assessments or taxes as so fixed represent an
27		-	approximation of the projected tax liability of such facility based on a
28		-	reasonable estimation of its fair market value as determined by the
29		-	municipality upon the exercise of its best efforts.
30		-	(b) Any new electric generating facility, the construction of which is Senate Bill No. 527
	26	+	Section 1. Section 32-71a of the general statutes is repealed and the 1
	27	+	following is substituted in lieu thereof (Effective from passage, and 2
	28	+	applicable to assessment years commencing on and after October 1, 2018): 3
	29	+	(a) Any electric generating facility, the construction of which is 4
	30	+	completed after July 1, 1998, may be treated for the purposes of section 5
	31	+	32-71 as if it were located in an enterprise zone and used for 6
	32	+	commercial or retail purposes. Notwithstanding the provisions of 7
	33	+	section 32-71, upon the approval of a municipality's legislative body, 8
	34	+	either before or after July 1, 2001, the full amount of either assessments 9
	35	+	or taxes may be fixed for the real and personal property of such electric 10
	36	+	generating facility both during and after the construction period, 11
	37	+	provided such assessments or taxes as so fixed represent an 12
	38	+	approximation of the projected tax liability of such facility based on a 13
	39	+	reasonable estimation of its fair market value as determined by the 14
	40	+	municipality upon the exercise of its best efforts. 15 Committee Bill No. 527
31	41
32		-	Public Act No. 19-81 2 of 3
33	42
34		-	completed after July 1, 2003, may be treated for the purposes of section
35		-	32-71 as if it were located in an enterprise zone and used for
36		-	commercial or retail purposes, provided: (1) The owner of such facility
37		-	has negotiated a tax agreement with the municipality in which such
38		-	facility would be located; and (2) such agreement has been approved
39		-	by the municipality's legislative body between January 1, 2002, and
40		-	February 28, 2002. Notwithstanding the provisions of section 32-71,
41		-	upon approval of such municipality's legislative body, either before or
42		-	after June 14, 2002, up to the full amount of either assessments or taxes
43		-	may be fixed for the real and personal property of such electric
44		-	generating facility both during and after the construction period,
45		-	provided such assessments or taxes as so fixed represent an
46		-	approximation of the commensurate portion of the projected tax
47		-	liability of such facility based on a reasonable estimation of its fair
48		-	market value as determined by the municipality upon the exercise of
49		-	its best efforts.
50		-	(c) Any new electric generating facility, the construction of which is
51		-	completed after July 1, 2003, may be treated for the purposes of section
52		-	32-71 as if it were located in an enterprise zone and used for
53		-	commercial or retail purposes, provided the municipality in which
54		-	such facility is located is under state governance. Notwithstanding the
55		-	provisions of section 32-71, upon approval of such municipality's
56		-	legislative body, either before or after June 14, 2002, up to the full
57		-	amount of either assessments or taxes may be fixed for the real and
58		-	personal property of such electric generating facility both during and
59		-	after the construction period, provided such assessments or taxes as so
60		-	fixed represent an approximation of the commensurate portion of the
61		-	projected tax liability of such facility based on a reasonable estimation
62		-	of its fair market value as determined by the municipality upon the
63		-	exercise of its best efforts.
64		-	(d) Any existing electric generating facility, the construction of Senate Bill No. 527
	43	+	LCO 6442 {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-00527-
	44	+	R03-SB.docx }
	45	+	2 of 3
65	46
66		-	Public Act No. 19-81 3 of 3
	47	+	(b) Any new electric generating facility, the construction of which is 16
	48	+	completed after July 1, 2003, may be treated for the purposes of section 17
	49	+	32-71 as if it were located in an enterprise zone and used for 18
	50	+	commercial or retail purposes, provided: (1) The owner of such facility 19
	51	+	has negotiated a tax agreement with the municipality in which such 20
	52	+	facility would be located; and (2) such agreement has been approved 21
	53	+	by the municipality's legislative body between January 1, 2002, and 22
	54	+	February 28, 2002. Notwithstanding the provisions of section 32-71, 23
	55	+	upon approval of such municipality's legislative body, either before or 24
	56	+	after June 14, 2002, up to the full amount of either assessments or taxes 25
	57	+	may be fixed for the real and personal property of such electric 26
	58	+	generating facility both during and after the construction period, 27
	59	+	provided such assessments or taxes as so fixed represent an 28
	60	+	approximation of the commensurate portion of the projected tax 29
	61	+	liability of such facility based on a reasonable estimation of its fair 30
	62	+	market value as determined by the municipality upon the exercise of 31
	63	+	its best efforts. 32
	64	+	(c) Any new electric generating facility, the construction of which is 33
	65	+	completed after July 1, 2003, may be treated for the purposes of section 34
	66	+	32-71 as if it were located in an enterprise zone and used for 35
	67	+	commercial or retail purposes, provided the municipality in which 36
	68	+	such facility is located is under state governance. Notwithstanding the 37
	69	+	provisions of section 32-71, upon approval of such municipality's 38
	70	+	legislative body, either before or after June 14, 2002, up to the full 39
	71	+	amount of either assessments or taxes may be fixed for the real and 40
	72	+	personal property of such electric generating facility both during and 41
	73	+	after the construction period, provided such assessments or taxes as so 42
	74	+	fixed represent an approximation of the commensurate portion of the 43
	75	+	projected tax liability of such facility based on a reasonable estimation 44
	76	+	of its fair market value as determined by the municipality upon the 45
	77	+	exercise of its best efforts. 46
	78	+	(d) Any existing electric generating facility, the construction of 47
	79	+	which is completed before July 1, 1998, and any new electric 48 Committee Bill No. 527
67	80
68		-	which is completed before July 1, 1998, and any new electric
69		-	generating facility, the construction of which is completed after July 1,
70		-	2019, which new electric generating facility is constructed at the same
71		-	location as such existing electric generating facility, may be treated
72		-	collectively as one combined electric generating facility for the
73		-	purposes of section 32-71 as if such combined electric generating
74		-	facility were located in an enterprise zone and used for commercial or
75		-	retail purposes. Notwithstanding the provisions of section 32-71, upon
76		-	the approval, either before or after July 1, 2019, of the legislative body
77		-	of the municipality in which such combined electric generating facility
78		-	is located, the full amount of either assessments or taxes may be fixed
79		-	for the real and personal property of both such existing and new
80		-	electric generating facilities before, during and after the construction
81		-	period of such new electric generating facility, provided such
82		-	assessments or taxes as so fixed represent an approximation of the
83		-	projected tax liability of such combined electric generating facility
84		-	based on a reasonable estimation of its fair market value as determined
85		-	by the municipality upon the exercise of its best efforts.
86		-	[(d)] (e) As used in this section, "electric generating facility" means a
87		-	facility, as defined in subdivision (3) of subsection (a) of section 16-50i.
	81	+
	82	+	LCO 6442 {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-00527-
	83	+	R03-SB.docx }
	84	+	3 of 3
	85	+
	86	+	generating facility, the construction of which is completed after July 1, 49
	87	+	2019, which new electric generating facility is constructed at the same 50
	88	+	location as such existing electric generating facility, may be treated 51
	89	+	collectively as one combined electric generating facility for the 52
	90	+	purposes of section 32-71 as if such combined electric generating 53
	91	+	facility were located in an enterprise zone and used for commercial or 54
	92	+	retail purposes. Notwithstanding the provisions of section 32-71, upon 55
	93	+	the approval, either before or after July 1, 2019, of the legislative body 56
	94	+	of the municipality in which such combined electric generating facility 57
	95	+	is located, the full amount of either assessments or taxes may be fixed 58
	96	+	for the real and personal property of both such existing and new 59
	97	+	electric generating facilities before, during and after the construction 60
	98	+	period of such new electric generating facility, provided such 61
	99	+	assessments or taxes as so fixed represent an approximation of the 62
	100	+	projected tax liability of such combined electric generating facility 63
	101	+	based on a reasonable estimation of its fair market value as determined 64
	102	+	by the municipality upon the exercise of its best efforts. 65
	103	+	[(d)] (e) As used in this section, "electric generating facility" means a 66
	104	+	facility, as defined in subdivision (3) of subsection (a) of section 16-50i. 67
	105	+	This act shall take effect as follows and shall amend the following
	106	+	sections:
	107	+
	108	+	Section 1 from passage, and
	109	+	applicable to assessment
	110	+	years commencing on and
	111	+	after October 1, 2018
	112	+	32-71a
	113	+
	114	+	PD Joint Favorable
	115	+	FIN Joint Favorable
88	116