CT SB00175

Repeals and replaces Section 32-56 to expand economic development assistance for municipalities impacted by defense contract cutbacks or major aerospace/defense plant closures with at least 800 employees.

Allows the commissioner to designate severely impacted municipalities after a public hearing, with determinations effective for two years and renewable for additional two-year periods, or until site conveyance and environmental remediation are completed.

Deems business facilities in designated municipalities as "manufacturing facilities" eligible for tax incentives under sections 32-9p to 32-9s, even if not in a distressed municipality, provided expansion is not defense-contract dependent.

Designates municipalities impacted by defense cutbacks as "distressed municipalities" under sections 8-190 and 8-195 for purposes of assisting non-defense-dependent projects.

Extends the deadline for filing a 2009 grand list exemption application in Seymour for machinery and equipment by 30 days after the effective date, with late filing fees required and tax reimbursements provided if taxes were already paid.