General Assembly Proposed Bill No. 5002
February Session, 2022 LCO No. 336
Referred to Committee on APPROPRIATIONS
Introduced by:
REP. TURCO, 27th Dist.
AN ACT EXPANDING GRANTS IN LIEU OF TAXES PAYMENTS TO
INCLUDE MANUFACTURING MACHINERY AND EQUIPMENT EXEMPT
FROM PROPERTY TAX.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
1 That the general statutes be amended to expand grants in lieu of taxes
2 payments by the state to include payments to municipalities of one
3 hundred per cent of the amount of property taxes that, except for any
4 exemption applicable to manufacturing machinery and equipment
5 under the provisions of section 12-81 of the general statutes, would have
6 been paid with respect to such machinery and equipment.
Statement of Purpose:
To expand grants in lieu of taxes payments by the state to include
payments to municipalities of one hundred per cent of the amount of
property taxes that, except for any exemption applicable to
manufacturing machinery and equipment under the provisions of
section 12-81 of the general statutes, would have been paid with respect
to such machinery and equipment.
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