Title 12, Title 12: Taxation

Sec. 12-646a. Value of farm transferred by gift. (a) In determining the tax due under the provisions of this chapter, the value of any farm land, as defined in section 12-107c, transferred by a donor by gift to a donee who is a lineal descendant or spouse thereof, shall be determ…

Sec. 12-647. Payment of tax. Penalty for late payment. Extensions. Changes in federal gift tax. Overpayments. (a) The tax imposed under this chapter shall be due and payable by the donor no later than April fifteenth following the close of the calendar year during which the gift …

Sec. 12-648. Credit against succession tax. A credit shall be allowed against the tax imposed under chapter 216 in the amount of any tax imposed and paid under sections 12-640 to 12-649, inclusive, with respect to a gift includable in the gross taxable estate of the donor under s…

Sec. 12-649. Records. Penalties. Administration. Appeals. Collection. Liens. The provisions of sections 12-548 to 12-554, inclusive, and section 12-555a shall apply to the provisions of this chapter in the same manner and with the same force and effect as if the language of said …

Sec. 12-650. Cancellation of liabilities or assessments outstanding on July 1, 2021. Notwithstanding the provisions of this chapter, revision of 1958, revised to January 1, 2021, any outstanding liabilities or assessments, or any portion thereof, made under said chapter related t…

Secs. 12-651 to 12-660. Imposition of tax on marijuana and controlled substances; stamps. Possession of unstamped marijuana or controlled substance by dealer prohibited. Commissioner to provide stamps. Purchase of stamps, labels or other indicia. Dealers to keep records; examinat…

Sec. 12-665. Imposition of surcharge. A surcharge is hereby imposed on the rental or leasing, for a period of thirty consecutive calendar days or less, of a passenger motor vehicle by any person licensed pursuant to section 14-15. Said surcharge shall be in addition to any tax ot…

Sec. 12-666. Rate. Collection. Regulations. (a) The surcharge imposed by section 12-665 shall be at a rate of one dollar for each day, or portion thereof, up to thirty days, for which the lessor charges the lessee for the rental or lease of such a motor vehicle. (b) Reimbursement…

Sec. 12-667. Returns. Penalty for late filing. Extensions. Proceeds from surcharge to be deposited in General Fund. (a) The surcharge imposed by this chapter is due and payable to the commissioner monthly on or before the last day of the month next succeeding each monthly period …

Sec. 12-668. Administrative provisions. Penalties. Hearings and appeals. The provisions of sections 12-548 to 12-554, inclusive, and section 12-555a shall apply to the provisions of this chapter in the same manner and with the same force and effect as if the language of said sect…

Sec. 12-675. Nursing home tax. Section 12-675 is repealed, effective October 1, 2002. (May Sp. Sess. P.A. 92-16, S. 34, 89; P.A. 93-262, S. 1, 87; S.A. 02-12, S. 1.)

Sec. 12-685. Definitions. For the purposes of this chapter: (1) “Commissioner” means the Commissioner of Revenue Services or any employee of the department. (2) “Department” means the Department of Revenue Services. (3) “Electronic funds transfer” means any transfer of funds that…

Sec. 12-686. Payment of taxes by electronic funds transfer. When required. (a)(1) Except as otherwise provided in subsections (b), (c) and (d) of this section, the commissioner may require every person who files a tax return for any tax on a monthly or quarterly basis to pay such…

Sec. 12-687. Timing of payments. Late payments. (a) Where a tax payment is required to be made by electronic funds transfer, any payment made by other than electronic funds transfer shall be treated as a tax payment not made in a timely manner, and shall be subject to penalty and…

Sec. 12-688. Voluntary payments by electronic funds transfer. (a)(1) Any person who files any tax return for any tax on a monthly or quarterly basis and who is not required under section 12-686 to pay such tax by electronic funds transfer may, at any time, submit a request to the…

Sec. 12-689. Regulations. The commissioner shall adopt regulations, in accordance with the provisions of chapter 54, necessary for the administration of this chapter. (May Sp. Sess. P.A. 92-17, S. 39, 59.) History: May Sp. Sess. P.A. 92-17, S. 39 effective June 19, 1992, and appl…

Sec. 12-690. Electronic filing. (a)(1) The Commissioner of Revenue Services may permit the filing, by computer transmission or by employing new technology as it is developed, of any return, statement or other document that is required by law or regulation to be filed with said co…

Sec. 12-692. Individually itemized charges or other fees on passenger motor vehicle rental or rental truck. Machinery rental surcharge. Report and remittance. Penalties. Appeals. (a) For purposes of this section: (1) “Passenger motor vehicle” means a passenger vehicle, which is r…

Secs. 12-693 to 12-698. Reserved for future use. Note: Chapters 228i to 228y are also reserved for future use.

Sec. 12-699. Definitions. Election of tax. Rate. (a) As used in this chapter: (1) “Partnership” has the same meaning as provided in Section 7701(a)(2) of the Internal Revenue Code, as defined in section 12-213, and regulations adopted thereunder. “Partnership” includes a limited …

Sec. 12-699a. Installment payment of estimated tax. Interest on underpayments. (a) As used in this section, “required annual payment” means the lesser of (1) ninety per cent of the tax under section 12-699 that is reported on the return filed for the taxable year or, if no return…

Sec. 12-699b. Election to file composite income tax return on behalf of nonresident individual member. Section 12-699b is repealed, effective January 1, 2024. (P.A. 22-117, S. 16; P.A. 23-204, S. 448.)

Sec. 12-700. Imposition of tax on income. Rates. (a) There is hereby imposed on the Connecticut taxable income of each resident of this state a tax: (1) At the rate of four and one-half per cent of such Connecticut taxable income for taxable years commencing on or after January 1…

Sec. 12-700a. Alternative minimum tax. (a) Every resident individual, as defined in section 12-701, subject to and required to pay the federal alternative minimum tax under Section 55 of the Internal Revenue Code shall pay, in addition to the tax imposed under section 12-700, the…

Sec. 12-700b. Computation of tax for withholding from wages and other payments and for payment of estimated tax. Section 12-700b is repealed, effective October 1, 2002. (P.A. 95-160, S. 68, 69; P.A. 96-139, S. 12, 13; P.A. 97-322, S. 6, 9; P.A. 99-173, S. 8, 65; S.A. 02-12, S. 1.…

Sec. 12-700c. Use tax table in personal income tax return form. The Commissioner of Revenue Services shall revise the personal income tax return form to include in such form a statement of the rate of the use tax imposed pursuant to section 12-411, and a table listing the amount …

Sec. 12-701. Definitions. Regulations. (a) For purposes of this chapter: (1) “Resident of this state” means any natural person (A) who is domiciled in this state, unless (i) the person maintains no permanent place of abode in this state, maintains a permanent place of abode elsew…

Sec. 12-701a. Subtraction for contributions to qualified state tuition program. The maximum amount that may be subtracted under subparagraph (B)(xiii) of subdivision (20) of subsection (a) of section 12-701 shall be equal to the amount of contributions to all accounts established…

Sec. 12-702. Exemptions. (a)(1)(A) Any person, other than a trust or estate, subject to the tax under this chapter for any taxable year who files under the federal income tax for such taxable year as a married individual filing separately or, for taxable years commencing prior to…

Sec. 12-702a. Relief from joint tax liability. (a) Any individual who has made a joint return under this chapter may elect to seek relief under the provisions of subsection (b) of this section and if such individual is eligible to elect the application of subsection (c) of this s…

Sec. 12-703. Credits based on adjusted gross income. (a)(1) Any person, other than a trust or estate, subject to the tax under this chapter for any taxable year who files under the federal income tax for such taxable year as a married individual filing separately or for taxable y…

Sec. 12-704. Credits for income taxes paid to other states. (a)(1) Any resident or part-year resident of this state shall be allowed a credit against the tax otherwise due under this chapter in the amount of any income tax imposed on such resident or part-year resident for the ta…

Secs. 12-704a and 12-704b. Tax credit for personal property taxes paid on motor vehicles. Tax credit for portion of property tax paid on primary residence or motor vehicle. Sections 12-704a and 12-704b are repealed, effective July 1, 1997. (May Sp. Sess. P.A. 94-4, S. 79, 85; P.A…

Sec. 12-704c. Credits for taxes paid on primary residence or motor vehicle. Credit for conveyance tax. (a) Any resident of this state, as defined in subdivision (1) of subsection (a) of section 12-701, subject to the tax under this chapter for any taxable year shall be entitled t…

Sec. 12-704d. Credits for angel investors. (a) As used in this section: (1) “Angel investor” means an accredited investor, as defined by the Securities and Exchange Commission, or network of accredited investors who review new or proposed businesses for potential investment and w…

Sec. 12-704e. Earned income tax credit. (a) Any resident of this state, as defined in subdivision (1) of subsection (a) of section 12-701, who is subject to the tax imposed under this chapter for any taxable year shall be allowed a credit against the tax otherwise due under this …

Sec. 12-704f. Credit for certain college graduates. Section 12-704f is repealed, effective June 26, 2019. (June Sp. Sess. P.A. 17-2, S. 648; P.A. 19-117, S. 397.)

Sec. 12-704g. Modification to Connecticut adjusted gross income for certain venture capital income. (a) As used in this section: (1) “Bioscience investment ratio” means a ratio, the denominator of which is the total amount of capital raised by a qualified venture capital fund, an…

Sec. 12-704h. State child tax credit plan. Upon any (1) decrease in the amount of the federal child tax credit in effect pursuant to the American Rescue Plan Act of 2021, P.L. 117-2, as amended from time to time, on June 23, 2021, or (2) change in eligibility criteria for said cr…

Sec. 12-704i. Credit for delivery of a fetus born dead for which a fetal death certificate has been filed. A taxpayer shall be allowed a credit against the tax imposed under this chapter, other than the liability imposed by section 12-707, in the amount of two thousand five hundr…

Sec. 12-705. Withholding of taxes from wages and other payments. (a)(1) Each employer, as defined in section 12-707, maintaining an office or transacting business within this state and making payment of any wages taxable under this chapter to a resident or nonresident individual …

Sec. 12-706. Agreements with other jurisdictions. Written statement furnished to employees and payees. Treatment of taxes withheld. (a) The Commissioner of Revenue Services may enter into agreements with the tax officers of other states, which require income tax to be withheld fr…

Sec. 12-707. Payment to commissioner of taxes withheld by employers, payers or purchasers of a business. Security. (a)(1) Each employer required to deduct and withhold tax under this chapter from the wages of employees shall be liable for such tax and shall file a withholding ret…

Sec. 12-708. Determination of taxable year and method of accounting changes. (a) For purposes of the tax imposed under this chapter, a taxpayer's taxable year shall be the same as such taxpayer's taxable year for federal income tax purposes and a taxpayer's method of accounting s…

Sec. 12-709. Exemption under section 12-702 not applicable to trusts or estates. Taxes payable by fiduciary. The tax imposed under this chapter on a trust or estate shall be computed on the Connecticut taxable income of such trust or estate without allowance for any exemption und…

Sec. 12-710. Persons subject to corporation business tax not taxable under this chapter. Persons exempt from federal taxation exempt from taxation under this chapter. Any person taxable as a corporation for the purposes of chapter 208 shall not be subject to tax under this chapte…