Bill Text: CT SB00213 | 2015 | General Assembly | Comm Sub
Bill Title: An Act Concerning A Municipal Option For Property Tax Abatements For Public Service Company Infrastructure And Natural Gas Expansion.
Spectrum: Committee Bill
Status: (Introduced - Dead) 2015-06-02 - Senate Recommitted to Energy and Technology [SB00213 Detail]
Download: Connecticut-2015-SB00213-Comm_Sub.html
General Assembly |
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January Session, 2015 |
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AN ACT CONCERNING A MUNICIPAL OPTION FOR PROPERTY TAX ABATEMENTS FOR PUBLIC SERVICE COMPANY INFRASTRUCTURE AND NATURAL GAS EXPANSION.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (NEW) (Effective October 1, 2015, and applicable to assessment years commencing on or after October 1, 2015) (a) As used in this section, "public service company infrastructure" means transmission towers, substations, switchyards, meters, metering equipment, poles, wires, conduits or other fixtures under or over any public highway or street for the provision of public service company service.
(b) Any municipality may, by vote of its legislative body or, in a municipality where the legislative body is a town meeting, by vote of the board of selectmen, abate up to one hundred per cent of the property taxes due for any public service company infrastructure installed or improved during the preceding tax year.
Sec. 2. (NEW) (Effective July 1, 2015, and applicable to assessment years commencing on or after October 1, 2015) Any municipality may, by vote of its legislative body or, in a municipality where the legislative body is a town meeting, by vote of the board of selectmen, abate up to one hundred per cent of the property taxes due for any tax year, for not more than twenty-five tax years, with respect to personal property of any gas company, as defined in subsection (a) of section 16-1 of the general statutes, in order to facilitate natural gas expansion projects in such municipality. The gas company shall include the amount of such abatement when calculating the hurdle rate pursuant to section 16-19ww of the general statutes for gas expansion projects within such municipality.
This act shall take effect as follows and shall amend the following sections: | ||
Section 1 |
October 1, 2015, and applicable to assessment years commencing on or after October 1, 2015 |
New section |
Sec. 2 |
July 1, 2015, and applicable to assessment years commencing on or after October 1, 2015 |
New section |
ET |
Joint Favorable Subst. |
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PD |
Joint Favorable |
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FIN |
Joint Favorable |