Connecticut General Statutes (Last Updated: November 2, 2019) |
Volume 4. |
Title 12. Taxation |
Chapter 208. Corporation Business Tax |
PART I. IMPOSITION AND PAYMENT OF TAX |
Sec. 12-213. Definitions. |
Sec. 12-214. Imposition of tax. Surcharge. |
Secs. 12-214aand12-215. Effective date of subsection (7) of section 12-214. Certain gross rentals to be tax-exempt. |
Sec. 12-216. Payment of tax by out-of-state corporations. |
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. |
Sec. 12-217. Deductions from gross income. Net income and operating loss carry-over of S corporations and combined groups. |
Secs. 12-217aand12-217b. Deduction for investment in depreciable property. Tax credit for expenditures for water pollution abatement facilities. |
Secs. 12-217cand12-217d. Tax credit for expenditures for: Air pollution abatement facilities; industrial waste treatment facilities. |
Sec. 12-217e. Tax credits for certain manufacturing, service and eligible facilities. |
Sec. 12-217f. Tax credit for employers participating in certain state-approved programs combining high school study and part-time employment. |
Sec. 12-217g. Tax credits for apprenticeship training in manufacturing, construction and plastics-related trades. |
Sec. 12-217h. Tax credit for expenditures to establish day care facilities for children of employees. |
Sec. 12-217j. Tax credit for research and experimental expenditures. |
Sec. 12-217k. Tax credit for employee training. |
Sec. 12-217l. Tax credit for expenditures for grants to institutions of higher education for research and development related to technological advancements. |
Sec. 12-217m. Tax credit for taxpayers occupying new facilities and creating new jobs. |
Sec. 12-217n. Rolling tax credit for research and development expenses. |
Sec. 12-217o. Tax credit for machinery and equipment expenditures. |
Sec. 12-217p. Tax credits for taxpayer providing housing for low and moderate income employees. |
Secs. 12-217qand12-217r. Tax credit for expenditures for: Construction of or improvements to alternative fuel filling stations; converting motor vehicles to utilize alternative fuels. |
Sec. 12-217s. Tax credit for expenditures related to traffic reduction programs. |
Sec. 12-217t. Tax credit for personal property taxes paid on electronic data processing equipment. |
Sec. 12-217u. Tax credit for financial institutions constructing new facilities and creating new jobs. |
Sec. 12-217v. Tax credit for qualifying corporations in enterprise zones. |
Sec. 12-217w. Tax credit for investment in fixed capital. |
Sec. 12-217x. Tax credit for human capital investment. |
Sec. 12-217y. Tax credit for employing persons who are receiving benefits from the temporary family assistance program. |
Sec. 12-217z. Business Tax Credit and Tax Policy Review Committee. |
Sec. 12-217aa. Order of credits. |
Sec. 12-217bb. Tax credit for electric suppliers hiring displaced workers. |
Sec. 12-217cc. Tax credit for certain small businesses obtaining financing from federal Small Business Administration. |
Sec. 12-217dd. Tax credit for donation of land for open space or educational use. |
Sec. 12-217ee. Refund of unused credits under sections 12-217j and 12-217n. |
Sec. 12-217ff. Tax credit for donation of land for educational use. No credit allowed on or after January 1, 2013. |
Sec. 12-217gg. Tax credit for employment expansion project. |
Sec. 12-217hh. Tax credit for hiring displaced worker. |
Sec. 12-217ii. Jobs creation tax credit program. |
Sec. 12-217jj. Film production tax credit. Regulations. |
Sec. 12-217kk. Tax credit for infrastructure projects in the entertainment industry. Regulations. |
Sec. 12-217ll. Tax credit for digital animation production companies. Regulations. |
Sec. 12-217mm. Tax credit for green buildings. Sunset. |
Sec. 12-217nn. Qualified small business job creation tax credit program. |
Sec. 12-217oo. Vocational rehabilitation job creation tax credit program. |
Sec. 12-217pp. Job expansion tax credit program. |
Secs. 12-217qqto12-217yy. [Reserved] |
Sec. 12-217zz. Limit on credits under this chapter. |
Sec. 12-217aaa. Accumulated research and development tax credits. |
Sec. 12-217bbb. Accumulated research and experimental expenditures tax credits and accumulated research and development tax credits. Innovation investment fund tax credit auction. |
Sec. 12-218. Apportionment of net income. |
Sec. 12-218a. Apportionment of tax on insurance company. |
Sec. 12-218b. Apportionment of net income of financial service companies. |
Sec. 12-218c. Restrictions on the deductibility of certain intangible expenses and interest expenses with a related member. |
Sec. 12-218d. Restriction on the deductibility of interest expenses or costs related to certain transactions with related members. |
Sec. 12-218e. Combined group's net income. Apportionment percentage. Net operating loss. Carryover. Additional tax base. Nexus combined base tax. |
Sec. 12-218f. Combined group determined on world-wide basis, affiliated group basis or water’s-edge basis. Tax havens. |
Sec. 12-218g. Net deferred tax liability and assets. Deductions. |
Sec. 12-219. Additional tax in the amount by which alternative computations exceed tax under section 12-214. Minimum tax. Surcharge. |
Sec. 12-219a. Apportionment of tax base in and out of state. Insurance companies excepted. |
Sec. 12-219b. Election with respect to apportionment of net income. |
Secs. 12-220to12-221. Allocation of minimum tax base. Apportionment of additional tax. Allocation in special cases. |
Sec. 12-221a. Petition for alternative method of apportionment. Regulations. |
Sec. 12-222. Annual return. Designated taxable member of combined group. Duties. |
Sec. 12-223. Returns of affiliated corporations. |
Sec. 12-223a. Combined corporation business tax return. |
Sec. 12-223b. Intercompany rents and business receipts. |
Sec. 12-223c. Minimum tax in combined return. |
Sec. 12-223d. Assessments against one or more taxpayers in combined return. |
Sec. 12-223e. Readjustment of taxes on revision of combined return. |
Sec. 12-223f. Preference tax due from corporations filing a combined return. |
Sec. 12-224. Return of fiduciary. |
Sec. 12-225. Supplemental and amended returns. Refund claim. |
Sec. 12-226. Correction of returns; additional tax; refunds. |
Sec. 12-226a. Adjustments by the commissioner. Regulations. |
Sec. 12-227. Interest on refunds. |
Sec. 12-228. Refunds to be made from General Fund. |
Sec. 12-229. Failure to pay tax or make return. Penalty. Waiver of penalty authorized. |
Sec. 12-230. Forfeiture of corporate rights for failure to make returns. |
Sec. 12-231. Penalties for wilful violation of requirements related to payment of tax or delivery of documentation. |
Sec. 12-231a. Formation of insurance company affiliate of holding company to evade tax. |
Sec. 12-232. Authority to take testimony under oath; subpoenas. |
Sec. 12-233. Examination of returns by commissioner. Deadlines for mailing deficiency assessments. Penalties for deficiencies. Payment by taxpayer. |
Sec. 12-234. Settlement with Treasurer. |
Sec. 12-235. Delinquent taxes; interest; collection. |
Sec. 12-235a. Disallowance of credits if taxes due and unpaid. |
Sec. 12-236. Hearing by commissioner. |
Sec. 12-237. Appeal. |
Sec. 12-238. Abatement of taxes. |
Sec. 12-239. Abatement of taxes on motor bus company in receivership. |
Sec. 12-240. Publication and disclosure of information. |
Sec. 12-241. Tax to be in lieu of other taxes. |
Sec. 12-241a. Definition. |
Sec. 12-242. Regulations. |