The ability for local communities in the State of Connecticut to provide tax relief to business, in the interest of economic development is governed by the General Statutes of the State of Connecticut. Within the the bounds outlined by the state statutes, each community may choose to adopt some or all of those incentives.
The New Milford Town Council adopted by ordinance, in Article IX of its Code of Ordinances, a Tax Deferral program to create an incentive for business and industry to locate or expand in New Milford.
Read Article IX