Senate Bill No. 527
Public Act No. 19-81
AN ACT PERMITTING MU NICIPALITIES TO COMB INE THE
PROPERTY ASSESSMENTS OF MULTIPLE ELECTRIC
GENERATING FACILITIES.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
Section 1. Section 32-71a of the general statutes is repealed and the
following is substituted in lieu thereof (Effective from passage, and
applicable to assessment years commencing on and after October 1, 2018):
(a) Any electric generating facility, the construction of which is
completed after July 1, 1998, may be treated for the purposes of section
32-71 as if it were located in an enterprise zone and used for
commercial or retail purposes. Notwithstanding the provisions of
section 32-71, upon the approval of a municipality's legislative body,
either before or after July 1, 2001, the full amount of either assessments
or taxes may be fixed for the real and personal property of such electric
generating facility both during and after the construction period,
provided such assessments or taxes as so fixed represent an
approximation of the projected tax liability of such facility based on a
reasonable estimation of its fair market value as determined by the
municipality upon the exercise of its best efforts.
(b) Any new electric generating facility, the construction of which is Senate Bill No. 527
Public Act No. 19-81 2 of 3
completed after July 1, 2003, may be treated for the purposes of section
32-71 as if it were located in an enterprise zone and used for
commercial or retail purposes, provided: (1) The owner of such facility
has negotiated a tax agreement with the municipality in which such
facility would be located; and (2) such agreement has been approved
by the municipality's legislative body between January 1, 2002, and
February 28, 2002. Notwithstanding the provisions of section 32-71,
upon approval of such municipality's legislative body, either before or
after June 14, 2002, up to the full amount of either assessments or taxes
may be fixed for the real and personal property of such electric
generating facility both during and after the construction period,
provided such assessments or taxes as so fixed represent an
approximation of the commensurate portion of the projected tax
liability of such facility based on a reasonable estimation of its fair
market value as determined by the municipality upon the exercise of
its best efforts.
(c) Any new electric generating facility, the construction of which is
completed after July 1, 2003, may be treated for the purposes of section
32-71 as if it were located in an enterprise zone and used for
commercial or retail purposes, provided the municipality in which
such facility is located is under state governance. Notwithstanding the
provisions of section 32-71, upon approval of such municipality's
legislative body, either before or after June 14, 2002, up to the full
amount of either assessments or taxes may be fixed for the real and
personal property of such electric generating facility both during and
after the construction period, provided such assessments or taxes as so
fixed represent an approximation of the commensurate portion of the
projected tax liability of such facility based on a reasonable estimation
of its fair market value as determined by the municipality upon the
exercise of its best efforts.
(d) Any existing electric generating facility, the construction of Senate Bill No. 527
Public Act No. 19-81 3 of 3
which is completed before July 1, 1998, and any new electric
generating facility, the construction of which is completed after July 1,
2019, which new electric generating facility is constructed at the same
location as such existing electric generating facility, may be treated
collectively as one combined electric generating facility for the
purposes of section 32-71 as if such combined electric generating
facility were located in an enterprise zone and used for commercial or
retail purposes. Notwithstanding the provisions of section 32-71, upon
the approval, either before or after July 1, 2019, of the legislative body
of the municipality in which such combined electric generating facility
is located, the full amount of either assessments or taxes may be fixed
for the real and personal property of both such existing and new
electric generating facilities before, during and after the construction
period of such new electric generating facility, provided such
assessments or taxes as so fixed represent an approximation of the
projected tax liability of such combined electric generating facility
based on a reasonable estimation of its fair market value as determined
by the municipality upon the exercise of its best efforts.
[(d)] (e) As used in this section, "electric generating facility" means a
facility, as defined in subdivision (3) of subsection (a) of section 16-50i.