Connecticut Statutes
§ 12-77 — Taxation of water power.
When water power, created or reserved in any manner by works wholly located in the same town in which it is appropriated and used, is used by its owner, the whole shall be assessed and set in the list as incidental to the machinery which is operated by it, and not separately as distinct property. When such power or any part thereof is leased from its owner, it shall, to the extent to which it is so leased, be assessed and set in his list at a valuation not exceeding one hundred-sevenths of the net revenue derived therefrom.
Free access — add to your briefcase to read the full text and ask questions with AI
Connecticut § 12-77 (Taxation of water power.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Crystal Lake Clean W. Pres. v. Ellington, No. Cv 58135 S (Jun. 20, 1997)
1997 Conn. Super. Ct. 6707 (Connecticut Superior Court, 1997)
Legislative History
(1949 Rev., S. 1756.) Purpose of statute; meaning of words “used by its owner”. 80 C. 488. A dam and transmission line of a hydroelectric company are taxable where the power plant is. 101 C. 393. Cited. 137 C. 683. Cited. 6 CS 505.
Nearby Sections
15
§ 12-1
Definitions.§ 12-101
Due date and collection of tax.§ 12-102
Taxing of woodland.§ 12-103
Appeals.§ 12-107a
Declaration of policy.§ 12-107b
Definitions.§ 12-107c
Classification of land as farm land.§ 12-107f
Open space land.