Title 12 — Title 12: Taxation

61 chapters · 1,387 sections in this title.

106 sectionsFiltered byTitle 12 Ch 208

Conn. Gen. Stat. § 12-213 Definitions.
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Sec. 12-213. Definitions. (a) When used in this chapter, unless the context otherwise requires: (1) “Taxpayer” and “company” mean any corporation, foreign municipal electric utility, as defined in section 12-59, electric distribution company, as defined in section 16-1, electric …
Conn. Gen. Stat. § 12-214 Imposition of tax. Surcharge.
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Sec. 12-214. Imposition of tax. Surcharge. (a)(1) Every mutual savings bank, savings and loan association and every company engaged in the business of carrying passengers for hire over the highways of this state in common carrier motor vehicles doing business in this state, and e…
Conn. Gen. Stat. §§ 12-214a and 12-215 Effective date of subsection (7) of section 12-214. Certain gross rentals to be tax-exempt.
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Secs. 12-214a and 12-215. Effective date of subsection (7) of section 12-214. Certain gross rentals to be tax-exempt. Sections 12-214a and 12-215 are repealed. (1955, S. 1090d; 1957, P.A. 515, S. 2; P.A. 75-101, S. 2; P.A. 82-472, S. 182, 183.)
Conn. Gen. Stat. § 12-216 Payment of tax by out-of-state corporations.
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Sec. 12-216. Payment of tax by out-of-state corporations. The tax imposed by this part upon corporations or associations carrying on or doing business or having the right to carry on or do business in this state, which corporations or associations are organized and exist under an…
Conn. Gen. Stat. § 12-216a Payment of tax by companies having economic nexus with state. Applicability to companies treated as foreign corporations by the Internal Revenue Code.
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Sec. 12-216a. Payment of tax by companies having economic nexus with state. Applicability to companies treated as foreign corporations by the Internal Revenue Code. (a) Any company that derives income from sources within this state and that has a substantial economic presence wit…
Conn. Gen. Stat. § 12-217 Deductions from gross income. Net income and operating loss carry-over of S corporations and combined groups.
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Sec. 12-217. Deductions from gross income. Net income and operating loss carry-over of S corporations and combined groups. (a)(1) In arriving at net income as defined in section 12-213, whether or not the taxpayer is taxable under the federal corporation net income tax, there sha…
Conn. Gen. Stat. §§ 12-217a and 12-217b Deduction for investment in depreciable property. Tax credit for expenditures for water pollution abatement facilities.
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Secs. 12-217a and 12-217b. Deduction for investment in depreciable property. Tax credit for expenditures for water pollution abatement facilities. Sections 12-217a and 12-217b are repealed. (1963, P.A. 4; February, 1965, P.A. 8, S. 1; 1967, P.A. 57, S. 29; 1969, P.A. 291, S. 2; P…
Conn. Gen. Stat. § 12-217aa Order of credits.
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Sec. 12-217aa. Order of credits. (a) Except as otherwise provided in section 12-217t and subsection (c) of this section, whenever a company is eligible to claim more than one corporation business tax credit, the credits shall be claimed for the income year in the following order:…
Conn. Gen. Stat. § 12-217aaa Accumulated research and development tax credits.
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Sec. 12-217aaa. Accumulated research and development tax credits. (a) As used in this section, (1) “accumulated credits” means the amount of credits allowed, in accordance with the provisions of section 12-217n, that have not been taken through an applicant's last income year com…
Conn. Gen. Stat. § 12-217bb Tax credit for electric suppliers hiring displaced workers.
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Sec. 12-217bb. Tax credit for electric suppliers hiring displaced workers. Section 12-217bb is repealed, effective July 1, 2013. (P.A. 98-28, S. 47, 117; P.A. 13-232, S. 18.)
Conn. Gen. Stat. § 12-217bbb Accumulated research and experimental expenditures tax credits and accumulated research and development tax credits. Innovation investment fund tax credit auction.
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Sec. 12-217bbb. Accumulated research and experimental expenditures tax credits and accumulated research and development tax credits. Innovation investment fund tax credit auction. (a) As used in this section, (1) “accumulated credits” means credits allowed under sections 12-217j …
Conn. Gen. Stat. §§ 12-217c and 12-217d Tax credit for expenditures for: Air pollution abatement facilities; industrial waste treatment facilities.
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Secs. 12-217c and 12-217d. Tax credit for expenditures for: Air pollution abatement facilities; industrial waste treatment facilities. Sections 12-217c and 12-217d are repealed, effective July 8, 1997, and applicable to income years commencing on or after January 1, 1998. (1967, …
Conn. Gen. Stat. § 12-217cc Tax credit for certain small businesses obtaining financing from federal Small Business Administration. For income years commencing prior to January 1, 2014.
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Sec. 12-217cc. Tax credit for certain small businesses obtaining financing from federal Small Business Administration. For income years commencing prior to January 1, 2014. (a) As used in this section, “small business” means any business entity qualifying as a small business unde…
Conn. Gen. Stat. § 12-217dd Tax credit for donation of land for open space or educational use.
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Sec. 12-217dd. Tax credit for donation of land for open space or educational use. (a) For purposes of this section: (1) “Donation of open space land” means the value of any land or interest in land conveyed without financial consideration, or the value of any discount of the sale…
Conn. Gen. Stat. § 12-217e Tax credits for certain manufacturing, service and eligible facilities. No credit to be first claimed for income years commencing on or after January 1, 2018.
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Sec. 12-217e. Tax credits for certain manufacturing, service and eligible facilities. No credit to be first claimed for income years commencing on or after January 1, 2018. (a) There shall be allowed as a credit against the tax imposed by this chapter an amount equal to twenty-fi…
Conn. Gen. Stat. § 12-217ee Refund of unused credits under sections 12-217j and 12-217n.
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Sec. 12-217ee. Refund of unused credits under sections 12-217j and 12-217n. (a) Any taxpayer that (1) is a qualified small business, (2) qualifies for a credit under section 12-217j or section 12-217n, and (3) cannot take such credit in the taxable year in which the credit could …
Conn. Gen. Stat. § 12-217f Tax credit for employers participating in certain state-approved programs combining high school study and part-time employment.
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Sec. 12-217f. Tax credit for employers participating in certain state-approved programs combining high school study and part-time employment. Section 12-217f is repealed, effective July 8, 1997, and applicable to income years commencing on or after January 1, 1998. (P.A. 79-474, …
Conn. Gen. Stat. § 12-217ff Tax credit for donation of land for educational use. No credit allowed on or after January 1, 2013.
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Sec. 12-217ff. Tax credit for donation of land for educational use. No credit allowed on or after January 1, 2013. (a) For purposes of this section, “donation of land for educational use” means the value of any land or interest in land conveyed without financial consideration, or…
Conn. Gen. Stat. § 12-217g Tax credits for apprenticeship training in manufacturing, construction and plastics-related trades.
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Sec. 12-217g. Tax credits for apprenticeship training in manufacturing, construction and plastics-related trades. (a)(1) There shall be allowed a credit for any taxpayer against the tax imposed under this chapter or chapter 228z, for any income or taxable year with respect to eac…
Conn. Gen. Stat. § 12-217gg Tax credit for employment expansion project.
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Sec. 12-217gg. Tax credit for employment expansion project. (a) As used in this section: (1) “Approved employment expansion project” means an employment expansion project approved by the commissioner pursuant to subsection (e) of this section. (2) “Commencement date” means the co…
Conn. Gen. Stat. § 12-217h Tax credit for expenditures to establish day care facilities for children of employees.
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Sec. 12-217h. Tax credit for expenditures to establish day care facilities for children of employees. Section 12-217h is repealed effective January 1, 1990, and applicable to income years of corporations commencing on or after that date. (P.A. 81-100, S. 1, 2; P.A. 82-469, S. 9, …
Conn. Gen. Stat. § 12-217hh Tax credit for hiring displaced worker.
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Sec. 12-217hh. Tax credit for hiring displaced worker. Section 12-217hh is repealed, effective July 1, 2013. (P.A. 06-186, S. 81; P.A. 13-232, S. 18.)
Conn. Gen. Stat. § 12-217i Tax credits for investments in vehicles powered by clean alternative fuels or electricity, for construction of or improvements to alternative fuel filling stations and for converting motor vehicles to utilize alternative fuels. For income years commencing prior to January 1, 2008.
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Sec. 12-217i. Tax credits for investments in vehicles powered by clean alternative fuels or electricity, for construction of or improvements to alternative fuel filling stations and for converting motor vehicles to utilize alternative fuels. For income years commencing prior to J…
Conn. Gen. Stat. § 12-217ii Jobs creation tax credit program. No eligibility certificates issued on or after January 1, 2012.
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Sec. 12-217ii. Jobs creation tax credit program. No eligibility certificates issued on or after January 1, 2012. (a) As used in this section: (1) “Commissioner” means the Commissioner of Economic and Community Development; (2) “Income year” means, with respect to entities subject…
Conn. Gen. Stat. § 12-217j Tax credit for research and experimental expenditures.
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Sec. 12-217j. Tax credit for research and experimental expenditures. (a) There shall be allowed as a credit against the tax imposed on any corporation under this chapter, with respect to income years of such corporation commencing on or after January 1, 1994, an amount equal to t…
Conn. Gen. Stat. § 12-217jj Film production tax credit. Regulations.
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Sec. 12-217jj. Film production tax credit. Regulations. (a) As used in this section: (1) “Commissioner” means the Commissioner of Revenue Services. (2) “Department” means the Department of Economic and Community Development. (3) (A) “Qualified production” means entertainment cont…
Conn. Gen. Stat. § 12-217k Tax credit for employee training.
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Sec. 12-217k. Tax credit for employee training. Section 12-217k is repealed, effective July 8, 1997, and applicable to income years commencing on or after January 1, 1998. (P.A. 92-193, S. 4, 8; P.A. 93-74, S. 7, 67; P.A. 97-295, S. 24, 25; P.A. 98-262, S. 14, 22.)
Conn. Gen. Stat. § 12-217kk Tax credit for infrastructure projects in the entertainment industry. Regulations.
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Sec. 12-217kk. Tax credit for infrastructure projects in the entertainment industry. Regulations. (a) As used in this section: (1) “Commissioner” means the Commissioner of Revenue Services. (2) “Department” means the Department of Economic and Community Development. (3) “Infrastr…
Conn. Gen. Stat. § 12-217l Tax credit for expenditures for grants to institutions of higher education for research and development related to technological advancements.
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Sec. 12-217l. Tax credit for expenditures for grants to institutions of higher education for research and development related to technological advancements. Section 12-217l is repealed, effective July 1, 2013. (P.A. 92-193, S. 5, 8; P.A. 13-232, S. 18.)
Conn. Gen. Stat. § 12-217ll Tax credit for digital animation production companies. Regulations.
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Sec. 12-217ll. Tax credit for digital animation production companies. Regulations. (a) As used in this section: (1) “Commissioner” means the Commissioner of Revenue Services. (2) “Department” means the Department of Economic and Community Development. (3) “Digital animation produ…
Conn. Gen. Stat. § 12-217m Tax credit for taxpayers occupying new facilities and creating new jobs.
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Sec. 12-217m. Tax credit for taxpayers occupying new facilities and creating new jobs. Section 12-217m is repealed, effective July 8, 1997, and applicable to income years commencing on or after January 1, 1998. (P.A. 92-250, S. 1, 2; P.A. 95-79, S. 27, 189; 95-250, S. 1; P.A. 96-…
Conn. Gen. Stat. § 12-217mm Tax credit for green buildings. No initial credit voucher issued after November 30, 2017.
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Sec. 12-217mm. Tax credit for green buildings. No initial credit voucher issued after November 30, 2017. (a) As used in this section: (1) “Allowable costs” means the amounts chargeable to a capital account, including, but not limited to: (A) Construction or rehabilitation costs; …
Conn. Gen. Stat. § 12-217n Rolling tax credit for research and development expenses. Carryforward limit.
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Sec. 12-217n. Rolling tax credit for research and development expenses. Carryforward limit. (a) There shall be allowed as a credit against the tax imposed by this chapter the amount determined under subsection (c) of this section in respect of the research and development expense…
Conn. Gen. Stat. § 12-217nn Qualified small business job creation tax credit program. No credit allowed in income years commencing on or after January 1, 2013.
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Sec. 12-217nn. Qualified small business job creation tax credit program. No credit allowed in income years commencing on or after January 1, 2013. (a) As used in this section: (1) “Commissioner” means the Commissioner of Economic and Community Development; (2) “Income year” means…
Conn. Gen. Stat. § 12-217o Tax credit for machinery and equipment expenditures.
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Sec. 12-217o. Tax credit for machinery and equipment expenditures. There shall be allowed as a credit against the tax imposed on any corporation under this chapter with respect to any taxable year of such corporation commencing on or after January 1, 1997, (1) that has more than …
Conn. Gen. Stat. § 12-217oo Vocational rehabilitation job creation tax credit program. No credit allowed for income years commencing on or after January 1, 2012.
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Sec. 12-217oo. Vocational rehabilitation job creation tax credit program. No credit allowed for income years commencing on or after January 1, 2012. (a) As used in this section: (1) “Commissioner” means the Commissioner of Economic and Community Development; (2) “Employer” means …
Conn. Gen. Stat. § 12-217p Tax credits for taxpayer providing housing for low and moderate income employees.
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Sec. 12-217p. Tax credits for taxpayer providing housing for low and moderate income employees. Section 12-217p is repealed, effective June 7, 2006. (P.A. 93-74, S. 50, 67; P.A. 94-175, S. 18, 32; May Sp. Sess. P.A. 94-4, S. 80, 85; P.A. 95-160, S. 64, 69; P.A. 97-295, S. 18, 25;…
Conn. Gen. Stat. § 12-217pp Job expansion tax credit program. No credit allowed for new jobs created on or after January 1, 2014.
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Sec. 12-217pp. Job expansion tax credit program. No credit allowed for new jobs created on or after January 1, 2014. (a) As used in this section: (1) “Commissioner” means the Commissioner of Economic and Community Development; (2) “Control”, with respect to a corporation, means o…
Conn. Gen. Stat. §§ 12-217q and 12-217r Tax credit for expenditures for: Construction of or improvements to alternative fuel filling stations; converting motor vehicles to utilize alternative fuels.
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Secs. 12-217q and 12-217r. Tax credit for expenditures for: Construction of or improvements to alternative fuel filling stations; converting motor vehicles to utilize alternative fuels. Sections 12-217q and 12-217r are repealed, effective April 13, 1995, and applicable to income …
Conn. Gen. Stat. § 12-217qq Tax credit for employers making student loan payments.
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Sec. 12-217qq. Tax credit for employers making student loan payments. (a) As used in this section: (1) “Commissioner” means the Commissioner of Revenue Services; (2) “Full-time” means required to work at least thirty-five hours per week; (3) “Qualified employee” means an individu…
Conn. Gen. Stat. § 12-217rr Tax credits for cash contributions to youth development organizations. Sunset.
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Sec. 12-217rr. Tax credits for cash contributions to youth development organizations. Sunset. (a) As used in this section, “youth development organization” means a nonprofit organization that is exempt from taxation pursuant to Section 501(c)(3) of the Internal Revenue Code of 19…
Conn. Gen. Stat. § 12-217s Tax credit for expenditures related to traffic reduction programs.
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Sec. 12-217s. Tax credit for expenditures related to traffic reduction programs. There shall be allowed as a credit against the tax imposed on any corporation under this chapter which participates in the traffic reduction program established under section 13b-38p and conducted in…
Conn. Gen. Stat. § 12-217ss Tax credits for share plan program.
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Sec. 12-217ss. Tax credits for share plan program. (a) As used in this section: (1) “Company” means an entity that is subject to the tax under this chapter and has one hundred or more full-time employees in the state; (2) “Eligible employee” means any full-time employee of the co…
Conn. Gen. Stat. § 12-217t Tax credit for personal property taxes paid on electronic data processing equipment.
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Sec. 12-217t. Tax credit for personal property taxes paid on electronic data processing equipment. (a) There shall be allowed as a credit against the tax imposed by chapter 207, this chapter, chapter 208a, 209, 210, 211, or 212 or against the tax imposed pursuant to section 12-20…
Conn. Gen. Stat. § 12-217tt Tax credit for contributions into ABLE accounts of employees.
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Sec. 12-217tt. Tax credit for contributions into ABLE accounts of employees. (a)(1) There shall be allowed a credit against the tax imposed under this chapter or chapter 229, other than the liability imposed by section 12-707, for contributions made by taxpayers into the ABLE acc…
Conn. Gen. Stat. § 12-217u Tax credit for financial institutions constructing new facilities and creating new jobs. For income years commencing prior to January 1, 2014.
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Sec. 12-217u. Tax credit for financial institutions constructing new facilities and creating new jobs. For income years commencing prior to January 1, 2014. (a) For purposes of this section: (1) “Commissioner” means the Commissioner of Economic and Community Development; (2) “Com…
Conn. Gen. Stat. §§ 12-217uu to 12-217yy 12-217uu to 12-217yy
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Secs. 12-217uu to 12-217yy. Reserved for future use.
Conn. Gen. Stat. § 12-217v Tax credit for qualifying corporations in enterprise zones.
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Sec. 12-217v. Tax credit for qualifying corporations in enterprise zones. Section 12-217v is repealed, effective July 1, 2018. (P.A. 96-239, S. 3, 17; Dec. Sp. Sess. P.A. 15-1, S. 35; P.A. 18-145, S. 3.)
Conn. Gen. Stat. § 12-217w *(See end of section for amended version and effective date.) Tax credit for investment in fixed capital.
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Sec. 12-217w. *(See end of section for amended version and effective date.) Tax credit for investment in fixed capital. (a) For purposes of this section, “fixed capital” means tangible personal property which (1) has a class life, in years, of more than four years, as described i…
Conn. Gen. Stat. § 12-217x Tax credit for human capital investment.
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Sec. 12-217x. Tax credit for human capital investment. (a) For purposes of this section, “human capital investment” means the amount paid or incurred by a corporation on: (1) Job training that occurs in this state for persons who are employed in this state; (2) Work education pro…