Title 12 — Title 12: Taxation

Sec. 12-201. Definitions. When used in this chapter, unless the context otherwise requires: (1) “Commissioner of Revenue Services” or “commissioner” means the Commissioner of Revenue Services; (2) “Insurance Commissioner” means the state Insurance Commissioner; (3) “Taxpayer” mea…

Sec. 12-201a. Definitions. Section 12-201a is repealed, effective July 1, 1995, and applicable to estimated corporation business taxes for income years commencing on or after January 1, 1996. (June, 1969, P.A. 1, S. 1; P.A. 89-16, S. 8, 31; P.A. 90-28, S. 5; 90-196, S. 1, 5; P.A.…

Sec. 12-202. Tax on direct premiums of domestic insurance companies. Exception. (a) Each domestic insurance company shall, annually, pay a tax on the total net direct premiums received by such company during the calendar year next preceding from policies written on property or ri…

Sec. 12-202a. Tax on net direct subscriber charges of health care centers. Exceptions. (a) Each health care center, as defined in section 38a-175, that is governed by sections 38a-175 to 38a-194, inclusive, shall pay a tax to the Commissioner of Revenue Services for the calendar …

Sec. 12-202b. Tax credit for providers of HUSKY coverage. (a) For the income year commencing January 1, 2000, there shall be allowed as a credit against the tax imposed by section 12-202a an amount as calculated pursuant to subsection (b) of this section. (b) The amount of credit…

Sec. 12-202c. Supplemental payments to providers of HUSKY coverage. (a) Any company filing the annual return required under section 12-205 for the income year commencing January 1, 2001, that, except for the amendment to section 12-202b made by section 4 of public act 02-3 provid…

Sec. 12-203. Tax on receipts of interest and dividends by domestic companies. Section 12-203 is repealed. (1949 Rev., S. 1885; 1949, 1951, 1953, S. 1084d; 1957, P.A. 116; 1959, P.A. 139, S. 1; June, 1969, P.A. 1, S. 2; June, 1971, P.A. 5, S. 109; 1972, P.A. 285, S. 10; P.A. 90-28…

Sec. 12-204. Deficiency assessment or reassessment. (a) The commissioner shall, not later than three years after the due date for the filing of a return or not later than three years after the date of receipt of such return by the commissioner, whichever period expires later, exa…

Secs. 12-204a and 12-204b. Declaration of estimated tax. Installment payments. Sections 12-204a and 12-204b are repealed, effective July 1, 1995, and applicable to estimated corporation business taxes for income years commencing on or after January 1, 1996. (June, 1969, P.A. 1, S…

Sec. 12-204c. Installment payments. Interest on unpaid installments. (a) Except as otherwise provided in this section, in the case of any underpayment of estimated tax by a company, there shall be added to the tax under this chapter for the calendar year an amount determined by a…

Sec. 12-204d. Payment and disposition of installments. The amount of every installment of estimated tax, or payment on account thereof, shall be paid to the commissioner in cash or by check, draft or money order drawn to the order of the Commissioner of Revenue Services of the st…

Sec. 12-204e. Liability of fiduciary conducting or liquidating business. Any fiduciary who conducts or is liquidating the business or is selling the assets of any domestic insurance company or of a corporation organized under sections 38a-199 to 38a-209, inclusive, or 38a-214 to …

Sec. 12-204f. Overpayment of estimated and final taxes. (a) If any domestic insurance company has paid as an installment of estimated tax an amount in excess of the amount determined to be the correct amount of such installment, such amount shall be credited against any unpaid in…

Sec. 12-204g. Regulations. The Commissioner of Revenue Services may prescribe regulations and make rulings, not inconsistent with law, to carry into effect the provisions of sections 12-204, 12-204c to 12-204g, inclusive, 12-212, and 12-212a, which regulations or rulings, when re…

Sec. 12-205. Annual return. Extensions. Each domestic insurance company doing business in this state shall, on or before the first day of March, annually, render to the Commissioner of Revenue Services an annual return, on forms prescribed or furnished by the commissioner and sig…

Sec. 12-206. Penalties for late filing and wilful submission of fraudulent return or document. (a) If any company fails to pay the amount of tax reported to be due on its return within the time specified under the provisions of this chapter, there shall be imposed a penalty equal…

Sec. 12-207. Oaths and subpoenas. The commissioner and any agent of the commissioner duly authorized to conduct any inquiry, investigation or hearing hereunder shall have power to administer oaths and take testimony under oath relative to the matter of inquiry or investigation. A…

Sec. 12-208. Application for administrative hearing and appeal therefrom to Superior Court. (a) Any company subject to any tax or charge under this chapter that is aggrieved by the action of the commissioner or the commissioner's authorized agent in fixing the amount of any tax, …

Sec. 12-209. Tax to be in lieu of certain other taxes. The taxes imposed by this chapter and chapter 208 shall be in lieu of all other taxes upon the intangible assets of any domestic insurance company, or the income therefrom, and shall be in lieu of all other taxes upon the fra…

Sec. 12-210. Tax on net direct premiums of nonresident and foreign companies. (a) Each newly licensed insurance company incorporated by or organized under the laws of any other state or foreign government shall pay to the Commissioner of Revenue Services, not later than ninety da…

Sec. 12-210a. Deduction by nonresident companies of benefit payments from group health insurance premiums. In determining the tax payable under section 12-210 with respect to the calendar year 1976, and each subsequent year, every life insurance company incorporated by or organiz…

Sec. 12-211. Reciprocity. (a) When by the laws of any other state or foreign country any premium or income or other taxes or any fees, fines, penalties, licenses, deposit requirements or other obligations, prohibitions or restrictions are imposed upon Connecticut insurance compan…

Sec. 12-211a. Limit on credits under this chapter. Exceptions. (a)(1) Notwithstanding any provision of the general statutes, and except as otherwise provided in subdivision (5) of this subsection or in subsection (b) of this section, the amount of tax credit or credits otherwise …

Sec. 12-211b. Order of credits claimed. (a) Whenever a company subject to tax under the provisions of this chapter is eligible to claim more than one tax credit, the credits shall be claimed for the calendar year in the following order: (1) Any credit that may be carried backward…

Sec. 12-211c. Transfer of credit to affiliate. An insurance company or health care center, as defined in section 38a-175, may transfer any credit allowed against the tax imposed by this chapter to an affiliate, as defined in section 38a-1, of the insurance company or health care …

Sec. 12-212. Provisions of the tax on domestic companies pertaining to filing returns, collection of taxes and penalties made applicable to foreign companies. The provisions of this chapter pertaining to the filing of returns or declarations, the assessment and collection of taxe…

Sec. 12-212a. Annual state charge applicable to hospital service corporations and medical service corporations. Such corporations not subject to tax under this chapter. All corporations organized under sections 38a-199 to 38a-209, inclusive, and 38a-214 to 38a-225, inclusive, sha…

Secs. 12-212b and 12-212c. Employee welfare benefit plans; definitions. Imposition of tax. Sections 12-212b and 12-212c are repealed. (June, 1971, P.A. 8, S. 29, 30; 1972, P.A. 210, S. 1; P.A. 74-300, S. 1, 2; P.A. 77-614, S. 139, 610; P.A. 79-376, S. 17; P.A. 82-259, S. 3, 7; P.…