Connecticut General Statutes/Title 33/Chapter 597/Section 33-240

CGS § 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.

Short History

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

Long History

History: May Sp. Sess. P.A. 92-6 raised fee from $10 to $25.

Citations

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

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