PocketLaw | Connecticut General Statutes | Controlling Interest

Controlling Interest Transfer Tax

Checkout our iOS App for a better way to browser and research.

Section
12-638a

Definitions.

Section
12-638b

Tax on transfer of controlling interest in entity possessing real property. Rate of tax applied to the value of the real property.

Section
12-638c

Filing return and payment of tax. Penalty and waiver provisions. Regulations.

Section
12-638d

Examination of records. Deficiency assessment. Penalty. Limitation of assessment period.

Section
12-638e

Excess payments.

Section
12-638f

Claims for refund.

Section
12-638g

Wilful violations. Penalties.

Section
12-638h

Records. Examinations. Hearings. Testimony.

Section
12-638i

Application to commissioner for hearing.

Section
12-638j

Collection of tax. State lien against real estate as security for tax.

Section
12-638k

Certain portion of tax collected to be remitted to town in which the real property is located.

Section
12-638l

Additional tax imposed with that under section 12-638b when the real property conveyed is classified as open space, maritime heritage, farm or forest land at the time of transfer.

Section
12-638m

Payment of tax imposed by section 12-638l. Classification of the land terminates automatically.

Section
12-638n

Transfers not subject to the tax under section 12-638l.

Section
12-638o

Filing and collection provisions related to the tax under sections 12-638l to 12-638n, inclusive.

Section
12-638p

Certain records to be kept by any entity with respect to which a sale or transfer of controlling interest in such entity is subject to tax under this chapter.

Reserved for future use.