Connecticut Statutes

§ 33-240 — License fee. Exemption from excise and income taxes.

Connecticut·Title 33 Corporations·Ch. 597 Electric Cooperative Act
Each cooperative doing business in this state pursuant to this chapter shall pay annually, on or before July first, to the Secretary of the State, a fee of twenty-five dollars, but shall be exempt from all other excise and income taxes.

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Legislative History

(1949 Rev., S. 5349; May Sp. Sess. P.A. 92-6, S. 92, 117.) History: May Sp. Sess. P.A. 92-6 raised fee from $10 to $25. The legislature has wide discretion in the classification of property for taxation and in granting exemptions. 142 C. 483.

Nearby Sections

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