Sec. 12-125a. Waiver of taxes on certain property held by suppliers of water.
Sec. 12-125a. Waiver of taxes on certain property held by suppliers of water.
Any municipality may, upon approval by its legislative body, or by the board of selectmen in any town in which the legislative body is a town meeting, waive property taxes
and interest related thereto which may be due for any tax year with respect to real or
personal property held by any person, firm or corporation for the purpose of creating
or furnishing a supply of water for domestic use, exclusive of any such property (1)
owned by a municipal corporation or (2) used by any such person, firm or corporation
in creating or furnishing such a supply of water for purposes of profit related to such
use, with such profit inuring to such person or the owners of such firm or corporation.
(P.A. 83-563, S. 2.)