Sec. 12-81n. Municipal option to provide additional exemption for businesses offering child day care services to residents.
Sec. 12-81n. Municipal option to provide additional exemption for businesses
offering child day care services to residents. Any municipality, upon approval by its
legislative body, may provide an exemption from property tax of property subject to
taxation under chapter 208 of a business which offers child day care services to residents
of the municipality, provided such business is not regularly engaged in the construction
or operation of child day care facilities. Such exemption shall be in the amount of (1)
up to one hundred per cent of the assessed value of the property of the business used in
providing day care services; and (2) up to ten per cent of the balance of the assessed
value of the property of the business.
(P.A. 90-298, S. 2.)