Bill > SB00901

This bill proposes to amend existing general statutes to provide a tax exemption for farm machinery and vehicles that are used exclusively for agricultural purposes, which means these specific types of equipment would no longer be subject to state and property taxes. By offering this exemption, the legislation aims to reduce the financial burden on farmers by eliminating the tax costs associated with agricultural equipment and vehicles used solely for farming operations. The bill appears to be straightforward in its intent to support agricultural businesses by providing them with a tax relief measure that could help lower the overall operational expenses for farmers. The exemption would apply to both state-level and local property taxes, potentially making farm equipment ownership more economically viable for agricultural producers.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00901&which_year=2025