CT SB00203

Expands property tax exemptions for Class I renewable energy sources, hydropower facilities, and solar thermal/geothermal systems installed for private residential use or on farms since October 1, 2007, including single-family dwellings, multifamily dwellings of 2-4 units, and farms.

Creates mandatory property tax exemption for commercial and industrial renewable energy installations in distressed municipalities with populations between 125,000 and 135,000, provided installation occurred after January 1, 2010, and nameplate capacity does not exceed the location's load.

Allows optional property tax abatement of up to 100 percent for commercial and industrial renewable energy installations installed between January 1, 2010, and December 31, 2013, in municipalities outside the distressed municipality category, subject to municipal legislative approval.

Extends property tax exemption to commercial and industrial renewable energy installations installed on or after January 1, 2014, with nameplate capacity not exceeding the location's load, effective for assessment years commencing on or after October 1, 2014.

Requires property owners to file written applications for exemption by November 1 of each assessment year, with failure to file constituting a waiver of the exemption for that year; subsequent applications required only if the installation is materially altered.