Connecticut Rules Electricity Generation Is Not Exempt

The Connecticut Department of Revenue Services has changed its position on whether electricity generation qualifies as “processing.” They ruled that since electricity generation does not apply materials and labor to existing tangible personal property, it is not included under the state’s definition of processing. Under the new ruling, the utility is no longer exempt. (Ruling No. 2004-2, Connecticut Department of Revenue Services, June 18, 2004)

Posted on September 10, 2004