(A) The specifics of the following incentives are limited by state laws: assessment deferrals on real property improvements, Conn. Gen. Stat., §§ 12-65b and 12-65g; assessment deferrals on personal property, (located in manufacturing facilities) Conn. Gen. Stat., § 12-65h; abatement of real property taxes during periods of environmental remediation, PA 98-253; and forgiveness of back real property taxes to benefit prospective purchasers of vacant hazardous sites if they remediate that site, PA 98-253.
(B) The Economic Development Commission recognizes that the town offers incentives that are not included in this chapter. These are: Enterprise Zone (EZ), Railroad Depot Zone (RRDZ) and real and personal property tax abatements; Targeted Investment Community (TIC) real and personal property tax abatements; assessment deferrals for real property improvements in the Enterprise Zone (1989 ordinance); tax abatements on new machinery and equipment used in manufacturing processes. Any applicant who qualified for EZ, RRDZ or TIC tax abatements for real or personal property must use those and shall not be eligible for the town’s real and personal property tax incentives under this chapter.
(C) Applicants for town or EZ/TIC incentives may also apply for remediation incentives, building permit fee waivers and property improvement and incentives.
(Ord. 428, passed 12-4-00; Am. Ord. 446, passed 10-1-01; Am. Ord. 510, passed 2-7-05; Am. Ord. 562, passed 7-7-08; Am. Ord. 613, passed 1-3-12; Am. Ord. 654, passed 1-5-15)