CT SB01183

Expands Connecticut's farm machinery property tax exemption to include motor vehicles used exclusively for farming, which were previously excluded from the exemption

Farm machinery and motor vehicles used exclusively in farming are exempt from local property taxation up to an assessed value of $100,000

Applies to farmers operating individually, as a group, partnership, or family-held corporation where a majority of stock is held by family members actively engaged in farm operations

Only one exemption is allowed per farmer, group of farmers, partnership, or corporation

Effective October 1, 2025; received Joint Favorable report from Planning and Development Committee and referred to Finance Committee