Property Tax Alert: Connecticut

May 2006

Because its exemption claim was not continuous from when it acquired the structures and equipment, a taxpayer was not entitled to a Connecticut property tax exemption for air pollution control facilities. The new law allowed the previously granted exemption to pass to the next purchaser so long as the next owner filed a revised application for continuation of the exemption for each assessment year after the purchase. The taxpayer, however, failed to claim the exemption in the year that it purchased the air pollution control structures and as a result lost the exemption in subsequent years.

Please contact Rash & Associates for more information.