DECD: Tax Exemptions - Real & Personal Property

  • 100% for 5 years on newly acquired and installed machinery and equipment eligible for 5-7 year depreciation
  • 100% for inventories
  • 30-100% from the increase assessment for personal property for manufacturers and 20-50% for eligible real property improvements can be offered by towns for 2-7 years, depending on the investment amount
  • 100% for unbundled software, machinery & equipment that will be exempt under12-81 (72) once installed and used
  • 100% for 5 years on new commercial motor vehicles weighing over 26,000 lbs. that are used to transport freight for hire and all new commercial vehicles weighing over 55,000 lbs.