Title 12 — Title 12: Taxation

Sec. 12-195. Removal of taxes and assessments on real estate acquired by a municipality. When any municipality acquires real estate by foreclosure, including foreclosure by sale or auction, or by deed in lieu of foreclosure, of a tax or an assessment lien or liens thereon, the ri…

Sec. 12-195a. Personal property tax liens: Definitions. As used in sections 12-195a to 12-195g, inclusive, unless the context requires otherwise: (a) “Goods” means goods as defined in subdivision (44) of subsection (a) of section 42a-9-102; (b) “Proceeds” means proceeds as define…

Sec. 12-195b. Perfection. Priority. (a) If any personal property tax, other than a tax on a motor vehicle, due any municipality is not paid within the time limited by any local charter or ordinance, or in the event that the municipality, following the assessment date for such tax…

Sec. 12-195c. Notice of lien. Each such notice of lien shall contain such information as will identify (a) the owner of the property upon which the lien is claimed, (b) the residence or business address of such owner, (c) the specific property claimed to be subject to such lien, …

Sec. 12-195d. Effective period of lien. Limitation period. The lien shall be effective for a period of fifteen years from the date of filing unless discharged as provided in section 12-195g. A notice of tax lien shall not be effective if filed more than two years from the date of…

Sec. 12-195e. Rights and remedies of municipality and taxpayer. A municipality which has filed a notice of tax lien and the taxpayer against whom said lien has been filed, shall have the rights and remedies of a secured party and debtor, respectively, as provided for in sections …

Sec. 12-195f. Validity of liens. Even though notice of a lien has been filed by a municipality, such lien shall not be valid: (1) With respect to a security interest which came into existence after tax lien filing but which (A) is in qualified property covered by the terms of a w…

Sec. 12-195g. Discharge. If any lien created under sections 12-195a to 12-195g, inclusive, shall be discharged, then a certificate of discharge shall promptly be filed by the tax collector of the municipality which originally filed the notice of lien, or by the tax collector's su…

Sec. 12-195h. Assignment of liens securing unpaid taxes on real property. Powers and rights of assignee. Contract to memorialize assignment required. Notice of assignment. Notice prior to commencing an action to foreclose lien. (a) Any municipality, by resolution of its legislati…

Sec. 12-196. Taxes levied on what property. All taxes levied by any school district shall be levied on the real estate situated therein, and the ratable personal property of those persons who belonged to such district at the time of laying such tax, and upon any manufacturing or …

Sec. 12-197. Town almshouse property taxable for schoolhouse. Section 12-197 is repealed, effective October 1, 2002. (1949 Rev., S. 1879; S.A. 02-12, S. 1.)

Sec. 12-198. Real estate partly in district; separate assessment. When real estate in any district is so entered in the list of the town in common with other real estate situated out of such district that there is no distinct and separate value put by the assessors upon the part …

Sec. 12-199. Assessment of real estate omitted from town list or with title changed. When any real estate in any district liable to taxation has not been put into the town list, one or more of the assessors of the town in which such omission has occurred, on application of such d…

Sec. 12-200. Valuation of property. At the end of ten days after the return of such list, the assessors and selectmen of the town shall meet in such place as such committee designates in such notice, and shall have the same power in relation to such list that the board of assessm…

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.…

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 …

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…

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.)

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…

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…

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…

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…

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:…