Sec. 12-81q. Municipal option to abate property taxes on infrastructure of certain water companies.
Sec. 12-81q. Municipal option to abate property taxes on infrastructure of
certain water companies. Any municipality may, upon approval by its legislative body
or in any town in which the legislative body is a town meeting, by the board of selectmen,
abate for a period of up to ten years all or a portion of the property taxes due on and
after July 1, 1997, for property owned by an entity that has acquired a water company
pursuant to the provisions of section 16-262o. The acquiring entity shall only be entitled
to an abatement for those costs incurred by such entity to make improvements on the
infrastructure and related property of the acquired water company, when such improvements were ordered by the Department of Public Utility Control or the Department of
Public Health and necessary in order for the entity to provide continuous, adequate water
service.
(P.A. 97-275, S. 1, 2.)
History: P.A. 97-275 effective July 1, 1997.