Sec. 33-240. License fee. Exemption from excise and income taxes. - Connecticut Statutes

      Sec. 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.

      (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.