OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
HB-6106
AN ACT CONCERNING THE PROPERTY TAX EXEMPTION FOR
CERTAIN RENEWABLE ENERGY SOURCES AND
NONRESIDENTIAL HYDROPOWER FACILITIES.
Primary Analyst: AN 3/15/21
Contributing Analyst(s): DD
OFA Fiscal Note
State Impact: None
Municipal Impact:
Municipalities Effect FY 22 $ FY 23 $
Various Municipalities Grand List
Reduction
See Below See Below
Explanation
The bill clarifies that certain Class I renewable energy sources that
participate in net metering or are leased are exempt from the property
tax. To the extent a municipality is currently taxing sources that are
exempt under current law, there is a grand list reduction equal to the
value of the exempt property.
The Out Years
The annualized ongoing fiscal impact identified above would
continue into the future subject to inflation.