CT SB00949

Establishes property tax exemption for clean energy projects installed at commercial or industrial properties on or after July 1, 2011, subject to municipal authorization by ordinance.

Exemption applies only to the increased property value attributable to the clean energy project and is limited to the first fifteen assessment years following project development.

Defines "clean energy project" as any project at commercial or industrial property that supports, promotes, or stimulates demand for clean energy as defined in statute section 16-245n.

Requires property owners to file a written application with local assessor by November 1st of each assessment year to claim exemption, with failure to file constituting a waiver of exemption rights for that year.

Takes effect from passage and applies to assessment years commencing on or after October 1, 2011.