Sec. 12-78. Taxation of water power and works when power is used in another town. - Connecticut Statutes

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Statutes > Connecticut > Title12 > Chap203 > Sec12-78

      Sec. 12-78. Taxation of water power and works when power is used in another town. When such power is appropriated and used in any other town than that in which the dam, canal, reservoir or pond creating it is located, the valuation of the land occupied by such dam, canal, reservoir or pond, and the increased flowage occasioned thereby, shall be made and set in the list in the town in which such dam, canal, reservoir or pond is located, to the owner of such power at what would be its fair market value were it improved farm land, and such power shall be assessed and set in the list in the town in which it is so used and appropriated as incidental to the machinery which is operated by it, and not separately as distinct property. The assessors shall, in estimating either the incidental value of such power to the machinery operated by it, or its net rental value, deduct from the amount which would otherwise be assessed against such power the value of the land so occupied.

      (1949 Rev., S. 1757; 1963, P.A. 490, S. 11.)

      History: 1963 act changed the technical language of the statute.

      Applies only within the state; water power created within but used without the state, how taxed. 73 C. 294. Dam located partly in one town, but power plant in another. 76 C. 173. See 80 C. 488. See note to Sec. 12-77. Property not to be taxed under this section when provisions of Sec. 12-80 are applicable. 137 C. 680.

      Cited; relation to earlier law noted. 6 CS 505.

State Codes and Statutes

Statutes > Connecticut > Title12 > Chap203 > Sec12-78

      Sec. 12-78. Taxation of water power and works when power is used in another town. When such power is appropriated and used in any other town than that in which the dam, canal, reservoir or pond creating it is located, the valuation of the land occupied by such dam, canal, reservoir or pond, and the increased flowage occasioned thereby, shall be made and set in the list in the town in which such dam, canal, reservoir or pond is located, to the owner of such power at what would be its fair market value were it improved farm land, and such power shall be assessed and set in the list in the town in which it is so used and appropriated as incidental to the machinery which is operated by it, and not separately as distinct property. The assessors shall, in estimating either the incidental value of such power to the machinery operated by it, or its net rental value, deduct from the amount which would otherwise be assessed against such power the value of the land so occupied.

      (1949 Rev., S. 1757; 1963, P.A. 490, S. 11.)

      History: 1963 act changed the technical language of the statute.

      Applies only within the state; water power created within but used without the state, how taxed. 73 C. 294. Dam located partly in one town, but power plant in another. 76 C. 173. See 80 C. 488. See note to Sec. 12-77. Property not to be taxed under this section when provisions of Sec. 12-80 are applicable. 137 C. 680.

      Cited; relation to earlier law noted. 6 CS 505.

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State Codes and Statutes

Statutes > Connecticut > Title12 > Chap203 > Sec12-78

      Sec. 12-78. Taxation of water power and works when power is used in another town. When such power is appropriated and used in any other town than that in which the dam, canal, reservoir or pond creating it is located, the valuation of the land occupied by such dam, canal, reservoir or pond, and the increased flowage occasioned thereby, shall be made and set in the list in the town in which such dam, canal, reservoir or pond is located, to the owner of such power at what would be its fair market value were it improved farm land, and such power shall be assessed and set in the list in the town in which it is so used and appropriated as incidental to the machinery which is operated by it, and not separately as distinct property. The assessors shall, in estimating either the incidental value of such power to the machinery operated by it, or its net rental value, deduct from the amount which would otherwise be assessed against such power the value of the land so occupied.

      (1949 Rev., S. 1757; 1963, P.A. 490, S. 11.)

      History: 1963 act changed the technical language of the statute.

      Applies only within the state; water power created within but used without the state, how taxed. 73 C. 294. Dam located partly in one town, but power plant in another. 76 C. 173. See 80 C. 488. See note to Sec. 12-77. Property not to be taxed under this section when provisions of Sec. 12-80 are applicable. 137 C. 680.

      Cited; relation to earlier law noted. 6 CS 505.