PocketLaw | Connecticut General Statutes | Corporation Business Tax

Corporation Business Tax

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Definitions.

Imposition of tax. Surcharge.

Sections
12-214a and 12-215

Effective date of subsection (7) of section 12-214. Certain gross rentals to be tax-exempt.

Payment of tax by out-of-state corporations.

Section
12-216a

Payment of tax by companies having economic nexus with state. Applicability to companies treated as foreign corporations by the Internal Revenue Code.

Deductions from gross income. Net income and operating loss carry-over of S corporations and combined groups.

Sections
12-217a and 12-217b

Deduction for investment in depreciable property. Tax credit for expenditures for water pollution abatement facilities.

Section
12-217aa

Order of credits.

Section
12-217aaa

Accumulated research and development tax credits.

Section
12-217bb

Tax credit for electric suppliers hiring displaced workers.

Section
12-217bbb

Accumulated research and experimental expenditures tax credits and accumulated research and development tax credits. Innovation investment fund tax credit auction.

Sections
12-217c and 12-217d

Tax credit for expenditures for: Air pollution abatement facilities; industrial waste treatment facilities.

Section
12-217cc

Tax credit for certain small businesses obtaining financing from federal Small Business Administration. For income years commencing prior to January 1, 2014.

Section
12-217dd

Tax credit for donation of land for open space or educational use.

Section
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.

Section
12-217ee

Refund of unused credits under sections 12-217j and 12-217n.

Section
12-217f

Tax credit for employers participating in certain state-approved programs combining high school study and part-time employment.

Section
12-217ff

Tax credit for donation of land for educational use. No credit allowed on or after January 1, 2013.

Section
12-217g

Tax credits for apprenticeship training in manufacturing, construction and plastics-related trades.

Section
12-217gg

Tax credit for employment expansion project.

Section
12-217h

Tax credit for expenditures to establish day care facilities for children of employees.

Section
12-217hh

Tax credit for hiring displaced worker.

Section
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.

Section
12-217ii

Jobs creation tax credit program. No eligibility certificates issued on or after January 1, 2012.

Section
12-217j

Tax credit for research and experimental expenditures.

Section
12-217jj

Film production tax credit. Regulations.

Section
12-217k

Tax credit for employee training.

Section
12-217kk

Tax credit for infrastructure projects in the entertainment industry. Regulations.

Section
12-217l

Tax credit for expenditures for grants to institutions of higher education for research and development related to technological advancements.

Section
12-217ll

Tax credit for digital animation production companies. Regulations.

Section
12-217m

Tax credit for taxpayers occupying new facilities and creating new jobs.

Section
12-217mm

Tax credit for green buildings. No initial credit voucher issued after November 30, 2017.

Section
12-217n

Rolling tax credit for research and development expenses.

Section
12-217nn

Qualified small business job creation tax credit program. No credit allowed in income years commencing on or after January 1, 2013.

Section
12-217o

Tax credit for machinery and equipment expenditures.

Section
12-217oo

Vocational rehabilitation job creation tax credit program.

Section
12-217p

Tax credits for taxpayer providing housing for low and moderate income employees.

Section
12-217pp

Job expansion tax credit program.

Sections
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.

Section
12-217qq

(Note: This section is effective January 1, 2022, and applicable to income years commencing on or after January 1, 2022.) Tax credit for employers making certain student loan payments.

Sections
12-217rr to 12-217yy

Reserved for future use.

Section
12-217s

Tax credit for expenditures related to traffic reduction programs.

Section
12-217t

Tax credit for personal property taxes paid on electronic data processing equipment.

Section
12-217u

Tax credit for financial institutions constructing new facilities and creating new jobs. For income years commencing prior to January 1, 2014.

Section
12-217v

Tax credit for qualifying corporations in enterprise zones.

Section
12-217w

Tax credit for investment in fixed capital.

Section
12-217x

Tax credit for human capital investment.

Section
12-217y

Tax credit for employing persons who are receiving benefits from the temporary family assistance program.

Section
12-217z

Business Tax Credit and Tax Policy Review Committee.

Section
12-217zz

Limit on credits under this chapter.

Apportionment of net income.

Section
12-218a

Apportionment of tax on insurance company.

Section
12-218b

Apportionment of net income of financial service companies.

Section
12-218c

Restrictions on the deductibility of certain intangible expenses and interest expenses with a related member.

Section
12-218d

Restriction on the deductibility of interest expenses or costs related to certain transactions with related members.

Section
12-218e

Combined group's net income. Apportionment percentage. Net operating loss. Carryover. Additional tax base. Nexus combined base tax.

Section
12-218f

Combined group determined on world-wide basis, affiliated group basis or water's-edge basis. Tax havens.

Section
12-218g

Net deferred tax liability and assets. Deductions.

Capital base tax. Phase-out. Surcharge.

Section
12-219a

Apportionment of tax base in and out of state. Insurance companies excepted.

Section
12-219b

Election with respect to apportionment of net income.

Sections
12-220 to 12-221

Allocation of minimum tax base. Apportionment of additional tax. Allocation in special cases.

Section
12-221a

Petition for alternative method of apportionment. Regulations.

Annual return. Designated taxable member of combined group. Duties.

Returns of affiliated corporations.

Section
12-223a

Combined corporation business tax return.

Section
12-223b

Intercompany rents and business receipts.

Section
12-223c

Minimum tax in combined return.

Section
12-223d

Assessments against one or more taxpayers in combined return.

Section
12-223e

Readjustment of taxes on revision of combined return.

Section
12-223f

Preference tax due from corporations filing a combined return.

Return of fiduciary.

Supplemental and amended returns. Refund claim.

Correction of returns; additional tax; refunds.

Section
12-226a

Adjustments by the commissioner. Regulations.

Interest on refunds.

Refunds to be made from General Fund.

Failure to pay tax or make return. Penalty. Waiver of penalty authorized.

Forfeiture of corporate rights for failure to make returns.

Penalties for wilful violation of requirements related to payment of tax or delivery of documentation.

Section
12-231a

Formation of insurance company affiliate of holding company to evade tax.

Authority to take testimony under oath; subpoenas.

Examination of returns by commissioner. Deadlines for mailing deficiency assessments. Penalties for deficiencies. Payment by taxpayer.

Settlement with Treasurer.

Delinquent taxes; interest; collection.

Section
12-235a

Disallowance of credits if taxes due and unpaid.

Hearing by commissioner.

Appeal.

Abatement of taxes.

Abatement of taxes on motor bus company in receivership.

Publication and disclosure of information.

Tax to be in lieu of other taxes.

Section
12-241a

Definition.

Regulations.

Sections
12-242a to 12-242c

Definitions. When declaration of estimated tax required. Installment payment on estimated tax.

Section
12-242d

Installment payment of estimated tax. Interest on under payments.

Section
12-242e

Disposition of installments.

Section
12-242f

Obligations of fiduciary.

Section
12-242g

Overpayments.

Section
12-242h

Regulations.

Section
12-242i

Declaration as return.

Sections
12-242j to 12-242z

Reserved for future use.