The proposed bill, General Assembly Proposed Bill No. 5232, aims to amend the general statutes to enhance the criteria for property tax exemptions related to the installation of renewable energy systems. The bill seeks to clarify the existing criteria, ensuring that property owners can better understand their eligibility for these exemptions. Additionally, it intends to simplify the application process, making it more accessible for individuals and businesses looking to invest in renewable energy technologies.
The bill does not specify any deletions from current law but focuses on inserting new legal language that outlines the clarified criteria and streamlined application procedures for property tax exemptions. This legislative effort is designed to promote the adoption of renewable energy systems by reducing the financial burden on property owners through tax incentives.