Connecticut General Statutes 32-610 – Exemptions from taxes
The exercise of the powers granted by section 32-602 constitute the performance of an essential governmental function and the Capital Region Development Authority shall not be required to pay any taxes or assessments upon or in respect of the convention center or the convention center project, as defined in section 32-600, levied by any municipality or political subdivision or special district having taxing powers of the state and such project and the principal and interest of any bonds and notes issued under the provisions of section 32-607, their transfer and the income therefrom, including revenues derived from the sale thereof, shall at all times be free from taxation of every kind by the state of Connecticut or under its authority, except for estate or succession taxes but the interest on such bonds and notes shall be included in the computation of any excise or franchise tax. Notwithstanding the foregoing, the convention center and the related parking facilities owned by the authority shall be deemed to be state-owned real property for purposes of sections 12-18b and 12-19b and the state shall make grants in lieu of taxes with respect to the convention center and such related parking facilities to the municipality in which the convention center and such related parking facilities are located as otherwise provided in sections 12-18b and 12-19b.
Terms Used In Connecticut General Statutes 32-610
- Authority: means the Capital Region Development Authority created pursuant to section 32-601. See Connecticut General Statutes 32-600
- Capital region: means the towns contiguous to the city of Hartford, including the town of East Hartford. See Connecticut General Statutes 32-600
- Convention center: means a convention facility constructed and operated in the capital city economic development district, including parking for such facility, in conjunction with a privately developed hotel, including ancillary facilities and infrastructure improvements as more particularly described in the master development plan. See Connecticut General Statutes 32-600
- Convention center project: means the development, design, construction, finishing, furnishing and equipping of the convention center facilities and related site acquisition and site preparation. See Connecticut General Statutes 32-600
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.