CT SB00213

Municipalities may vote to abate up to 100% of property taxes on public service company infrastructure (transmission towers, substations, poles, wires, conduits, meters, and related fixtures) installed or improved during the preceding tax year, effective October 1, 2015.

Municipalities may vote to abate up to 100% of property taxes on personal property of gas companies for natural gas expansion projects for up to 25 tax years, effective July 1, 2015.

Gas companies must include the amount of any tax abatement in their hurdle rate calculation under section 16-19ww of the general statutes when evaluating gas expansion projects within the municipality.

Both provisions apply to assessment years commencing on or after October 1, 2015, and require approval by either the municipal legislative body or the board of selectmen in town meeting municipalities.