Sec. 22a-270a. Lessee under Connecticut Resources Recovery Authority project not liable for taxes on property leased from authority if payments in lieu of taxes are made per agreement.
Sec. 22a-270a. Lessee under Connecticut Resources Recovery Authority project not liable for taxes on property leased from authority if payments in lieu of
taxes are made per agreement. Any real or personal property leased by the Connecticut
Resources Recovery Authority in connection with the operation of a project under the
provisions of this chapter which would otherwise be subject to taxation under chapter
203 shall be exempt from the assessment of property taxes permitted and required under
said chapter if such real or personal property is the subject of an agreement between
said authority or the lessee of such project and the municipality in which such project
is located to make payments in lieu of taxes with respect to such property. Any lessee
or operator of such project from said authority who has made any payment in lieu of
taxes due under such agreement shall not be required to make any payment of taxes on
which a payment in lieu thereof has been made to the municipality.
(P.A. 82-410, S. 3, 4.)