CT SB00491

Repeals and replaces Section 7-273mm of the general statutes effective October 1, 2018, for assessment years commencing on or after that date.

Removes blanket tax exemption for municipal resource recovery authorities, allowing taxation of their real and personal property by municipalities.

Permits authorities to enter into agreements with municipalities to make payments in lieu of taxes on property they own or lease to operators.

Exempts property from municipal taxation only when a payment-in-lieu-of-taxes agreement is established between the authority, lessee, or operator and the municipality.

Maintains exemption from state taxes and bond taxation while subjecting authorities to local property tax obligations.