CT SB00438

Amends section 12-94b of the general statutes to allow the Office of Policy and Management to revise exempt property schedules for the prior four years

Permits revision if property is shown to be eligible for the manufacturing machinery and equipment tax exemption but was not properly claimed

Allows exemption reconsideration when property should have been excluded from taxable property schedules and denying the exemption would cause hardship or unfairness

Enables municipal taxing authorities and the Office of Policy and Management to jointly review and reconsider tax exemption applications for qualifying manufacturing property