Statutes, codes, and regulations
General Statutes of Connecticut
Title 33 - CORPORATIONS
Chapter 597 - ELECTRIC COOPERATIVE ACT
Section 33-240 - License fee. Exemption from excise and income taxes

Conn. Gen. Stat. § 33-240

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Current with legislation from the 2024 Regular and Special Sessions.
Section 33-240 - License fee. Exemption from excise and income taxes

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.

Conn. Gen. Stat. § 33-240

(1949 Rev., S. 5349; May Sp. Sess. P.A. 92-6, S. 92, 117.)

The legislature has wide discretion in the classification of property for taxation and in granting exemptions. 142 C. 483.