AN ACT CONCERNING CLASSIFICATION OF INDUSTRIAL LAUNDERERS AS MANUFACTURERS FOR PURPOSES OF ELIGIBILITY FOR PROPERTY AND SALES TAX ABATEMENTS ON MACHINERY AND EQUIPMENT.
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<!-- field: HtmlTitle -->AN ACT CONCERNING CLASSIFICATION OF INDUSTRIAL LAUNDERERS AS MANUFACTURERS FOR PURPOSES OF ELIGIBILITY FOR PROPERTY AND SALES TAX ABATEMENTS ON MACHINERY AND EQUIPMENT.

LCO No. 3503

Introduced by:
REP. SCIPIO, 93rd DIST.
REP. DYSON,94th DIST.
REP. DEPINO,97th DIST.
SEN. LOONEY,11th DIST.
SEN. HARP,10th DIST.


General Assembly
January Session, A. D. , 1995

AN ACT CONCERNING CLASSIFICATION OF INDUSTRIAL LAUNDERERS AS MANUFACTURERS FOR PURPOSES OF ELIGIBILITY FOR PROPERTY AND SALES TAX ABATEMENTS ON MACHINERY AND EQUIPMENT.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That section 12-81 of the general statutes, concerning exemptions to the property tax and section 12-412, concerning exemptions to the sales and use tax, be amended to exempt from said taxes machinery and equipment used in industrial laundering and to classify industrial launderers as manufacturers.
STATEMENT OF PURPOSE: To encourage the retention and expansion of industrial launderers in the state by making them eligible for exemptions from the property and sales taxes.