Sec. 12-77. Taxation of water power.
Sec. 12-77. Taxation of water power. When water power, created or reserved in
any manner by works wholly located in the same town in which it is appropriated and
used, is used by its owner, the whole shall be assessed and set in the list as incidental
to the machinery which is operated by it, and not separately as distinct property. When
such power or any part thereof is leased from its owner, it shall, to the extent to which
it is so leased, be assessed and set in his list at a valuation not exceeding one hundred-sevenths of the net revenue derived therefrom.
(1949 Rev., S. 1756.)
Purpose of statute; meaning of words "used by its owner". 80 C. 488. A dam and transmission line of a hydroelectric
company are taxable where the power plant is. 101 C. 393. Cited. 137 C. 683.
Cited. 6 CS 505.