Lombardo's Ravioli Kitchen, Inc. v. Ryan

Opinion

KATZ, J.

The principal issue in these consolidated appeals1 is whether a property tax exemption provided *224by General Statutes (Rev. to 1997) § 12-81 (72)2 properly *225was denied to a corporate taxpayer purchasing machinery and equipment based upon a determination that the transfer of that property had been between “a business organization related to or affiliated with the seller,” thus making the property ineligible for the exemption. The trial court determined that, because 100 percent of the seller corporation and 55 percent of the purchaser corporation were owned by the same individual,…