Bill Text: CT SB00213 | 2015 | General Assembly | Comm Sub

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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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

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General Assembly		Committee Bill No. 213
January Session, 2015		LCO No. 4887
		*04887SB00213ET_*
Referred to Committee on ENERGY AND TECHNOLOGY
Introduced by:
(ET)

AN ACT ESTABLISHING A PARTIAL PROPERTY TAX EXEMPTION FOR NEWLY INSTALLED OR IMPROVED PUBLIC SERVICE COMPANY INFRASTRUCTURE.

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 prior tax year.

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

Statement of Purpose:

To encourage public service company infrastructure upgrades and reduce the costs passed on to ratepayers.

[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]

Co-Sponsors:

SEN. FASANO, 34th Dist.; SEN. KANE, 32nd Dist.

S.B. 213