A fuel cell module that powers Pfizer Inc.’s research campus in Groton, Connecticut, is not subject to personal property taxes, the state’s high court ruled Wednesday, upholding a lower court decision that allowed FuelCell Inc. to avoid several multimillion-dollar local tax assessments and penalties.
Pfizer’s Fuel Cells Can’t Be Taxed, Conn. Justices Rule
by usoftax_admin | Jul 24, 2024 | Tax News