WHAT ARE THE TAX EXEMPTIONS AND EXCEPTIONS?
Connecticut’s structure of full and partial property tax exemptions, abatements, deferrals, and refunds is complicated. There are exemptions – in some form – available for the following: municipal airports private airport landing area improvements; agricultural property; biotech machinery and equipment; private libraries; open-space land; hospitals & sanatoriums; ambulances; new machinery & equipment (see below) household furniture & provisions pollution control facilities. Computer software is exempted whether canne= d or customized, unless the cost of the software was included in the cost of the hardware and was not separately stated. New machinery or equipment installed in a manufacturing facility is exempt for the first 5 years. Connecticut provides a five-year partial exemption for manufacturing and warehousing facilities and certain service businesses located in enterprise zones and distressed area. This exemption extends to industrial machinery and equipme= nt installed in those
