Sec. 12-408b. Recovery of sales tax from consumer related to certain sales of renewable energy systems or systems using cogeneration technology.
Sec. 12-408b. Recovery of sales tax from consumer related to certain sales of
renewable energy systems or systems using cogeneration technology. On and after
July 1, 1991, any person, firm or corporation who pays a sales and use tax, which tax
would not have been due prior to July 1, 1991, pursuant to subdivision (39) of section
12-412 of the general statutes, revision of 1958, revised to January 1991, shall recover
the tax paid by (1) adding such tax to any amounts otherwise payable under a sales
contract approved by the Department of Public Utility Control pursuant to subsection
(d) of section 16-243a, and (2) amortizing such tax, together with interest at the rate paid
on front-loaded payments, over the life of a sales contract approved by the department
pursuant to said subsection (d).
(June Sp. Sess. P.A. 91-3, S. 118, 168; P.A. 02-103, S. 5.)
History: P.A. 02-103 made technical changes.