Sec. 32-610. Exemptions from taxes.
Sec. 32-610. Exemptions from taxes. The exercise of the powers granted by section 32-602 constitute the performance of an essential governmental function and the
Capital City Economic Development Authority shall not be required to pay any taxes
or assessments upon or in respect of the convention center or the convention center
project, as defined in section 32-600, levied by any municipality or political subdivision
or special district having taxing powers of the state and such project and the principal
and interest of any bonds and notes issued under the provisions of section 32-607, their
transfer and the income therefrom, including revenues derived from the sale thereof,
shall at all times be free from taxation of every kind by the state of Connecticut or under
its authority, except for estate or succession taxes but the interest on such bonds and notes
shall be included in the computation of any excise or franchise tax. Notwithstanding the
foregoing, the convention center and the related parking facilities owned by the authority
shall be deemed to be state-owned real property for purposes of sections 12-19a and
12-19b and the state shall make grants in lieu of taxes with respect to the convention
center and such related parking facilities to the municipality in which the convention
center and such related parking facilities are located as otherwise provided in said sections 12-19a and 12-19b.
(P.A. 98-179, S. 11, 30; P.A. 99-241, S. 60, 66; P.A. 00-140, S. 28, 40.)
History: P.A. 98-179 effective June 1, 1998; P.A. 99-241 added "convention center or the", effective July 1, 1999; P.A.
00-140 added provision re the convention center and related parking facilities as state-owned property for purposes of
making grants in lieu of taxes, effective May 2, 2000.