LCO No. 598 1 of 1
General Assembly Proposed Bill No. 5172
January Session, 2021
LCO No. 598
Referred to Committee on APPROPRIATIONS
Introduced by:
REP. TURCO, 27th Dist.
AN ACT CONCERNING PAYMENTS IN LIEU OF TAXES TO
MUNICIPALITIES FOR MANUFACTURING MACHINERY AND
EQUIPMENT.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That chapter 203 of the general statutes be amended to require the 1
state to provide payments in lieu of taxes to municipalities for 2
manufacturing machinery and equipment, paid at one hundred per cent 3
of the amount of property taxes that, except for the exemption in section 4
12-81 of the general statutes, would have been paid. 5
Statement of Purpose:
To assist municipalities with the cost of providing the manufacturing
machinery and equipment exemption, provide property tax relief and
encourage growth in manufacturing.