Property Tax Exemption for NEW Commercial Truck, Truck Tractor, Trailer, or Semitrailer

Property Tax Exemption for NEW Commercial Truck, Truck Tractor, Trailer, or Semitrailer 

COMMERCIAL MOTOR VEHICLE EXEMPTION CGS 12-81(74) Effective for the 2009 List

In order to qualify for exemption as a vehicle used to transport freight for hire under CGS §12-81(74)(A)(i), the vehicle must:

1) be new, meaning the vehicle’s equitable or legal title has never been transferred by a manufacturer, distributor or dealer to anyone other than the owner making application for this exemption; 2) be used exclusively for the interstate or intrastate transportation of freight for hire; and 3) have a gross vehicle weight (GVW) rating in excess of twenty-six thousand (26,000) pounds. In order to qualify for exemption for vehicles with a GVW in excess of 55,000 lbs. under CGS §12-81(74)(A)(ii), the vehicle must: 1) be new, meaning the vehicle’s equitable or legal title has never been transferred by a manufacturer, distributor or dealer to anyone other than the owner making application for this exemption; 2) have a gross vehicle weight (GVW) rating in excess of fifty-five thousand (55,000) pounds, and 3) be ineligible for exemption under CGS §12-81(74)(A)(i) as delineated above.

To apply for exemption, the vehicle owner or registrant or his authorized agent must complete Form M65MV and submit it to the Assessor(s) of the town in which the vehicle is subject to taxation.
The application must be accompanied by all required documentation and must be submitted by November 1. For each vehicle (motorized and/or towed component), the required documentation consists of:4) a copy of a validated Form H-13 – Application for Registration of a Motor Vehicle and Certificate of Title, as issued by the Connecticut Department of Motor Vehicles (DMV), which has a seal affixed to it and has been date stamped by the DMV in the upper right hand corner; 5) a copy of the vehicle’s bill of sale or the vehicle’s invoice(s); and 6) proof of the price(s) paid for any modification(s) made to the vehicle between the date it was purchased and the October 1 List date (sales contract, itemized bill of sale, invoices, etc.).

Applicants who fail to file an application by November 1 waive the right to the exemption for the assessment year unless they receive an extension of the time to file from the Assessor pursuant to CGS Section 12-81k. Such an extension must be requested from the Assessor who may grant an extension until December 15. There is a late filing fee, which may be waived by the Assessor. Any person who receives an extension to file the Personal Property Declaration, shall automatically receive an extension to file the M-65MV and shall not be required to request an extension of the filing date for the M-65MV.

Vehicles registered after October 1, 2009 and before August 1, 2010 will appear on the municipality’s Supplemental Motor Vehicle List. The filing deadline for vehicles registered after October 1, 2009 and appearing on the Supplemental List is November 1, 2010. Assessors may accept Form M-65MV for vehicles appearing on the Supplemental List anytime after registration and until November 1, 2010 without requiring an extension of time to file.

An exemption application is required for the first year in which the exemption is requested. If there is no change with respect to the town in which an exempt vehicle is registered and no modification to the vehicle, there is no requirement to file an exemption application for the balance of the five-year exemption term. If there is a change in tax town or any modification to the vehicle, a new M-65MV Claim must be timely filed.

*Attached below is a guideline sheet for this exemption, we highly recommend reading the guidelines thoroughly, please contact the Assessor's office with any questions you may have.*