What's Next
- NOTE 1: If the formal application is not approved, then
the State CT DECD, the municipal Enterprise Zone coordinator, and the
business(es) discuss options to put the application on hold, to re-apply
at a future date, or to close the file with no further action.
- NOTE 2: If the project is approved,
- the CT DECD issues a final certification letter
(“Certificate of Eligibility”) would be emailed to the businesses,
municipal officials (including the first year’s claim for zone benefits
to the local assessor);
- the municipal Enterprise Zone coordinator serves as
liaison to communicate any known significant updates during the
eligibility period;
- the real property owner has the responsibility to pass
on the pro-rated local tax benefits (5 year tax abatement on real
property and machinery and equipment, as applicable), and the tenant
business has a responsibility to
- (i) to submit subsequent tax abatement claims for
year 2 through and including year 5 for the certified eligibility period
directly with the local assessor to receive continued benefits, and
- (ii) to inform the State on the forms provided of any
changes as indicated in the certifying documentation (e.g., changes in
lessor or lessee).