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.
(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.
Structure Connecticut General Statutes
Chapter 597 - Electric Cooperative Act
Section 33-218. - Definitions.
Section 33-222. - Incorporators.
Section 33-223. - Articles of incorporation.
Section 33-226. - Meetings of members.
Section 33-227. - Waiver of notice.
Section 33-228. - Board of trustees.
Section 33-230. - Amendment of articles of incorporation.
Section 33-231. - Change of location of principal office.
Section 33-232. - Dissolution.
Section 33-233. - Filing of articles.
Section 33-235. - Refunds to members.
Section 33-236. - Disposition of property.
Section 33-237. - Nonliability of members for debts of cooperative.
Section 33-238. - Recordation of mortgages; effect thereof.
Section 33-239. - Trustees, officers or members may take acknowledgments.
Section 33-240. - License fee. Exemption from excise and income taxes.
Section 33-240a. - Liability for taxation, when.
Section 33-241. - Exemption from jurisdiction of Public Utilities Regulatory Authority.