Sec. 12-242g. Overpayments: Regulations. - Connecticut Statutes

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Statutes > Connecticut > Title12 > Chap208 > Sec12-242g

      Sec. 12-242g. Overpayments: Regulations. If a 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 installment or against the tax. If the amount already paid, whether or not on the basis of installments, exceeds the amount determined to be the correct amount of the tax, the company shall be paid by the State Treasurer, upon order of the Comptroller, the amount of such overpayment. The commissioner may prescribe regulations providing for the crediting against the estimated tax for any taxable year of the amount determined to be an overpayment of the corporation business tax for a preceding taxable year.

      (1963, P.A. 651, S. 13(a); P.A. 95-327, S. 3, 10.)

      History: P.A. 95-327 added authority for commissioner to prescribe regulations re crediting overpayment against estimated tax, effective July 1, 1995, and applicable to estimated corporation business taxes for income years commencing on or after January 1, 1996.

      Cited. 44 CA 529.

State Codes and Statutes

Statutes > Connecticut > Title12 > Chap208 > Sec12-242g

      Sec. 12-242g. Overpayments: Regulations. If a 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 installment or against the tax. If the amount already paid, whether or not on the basis of installments, exceeds the amount determined to be the correct amount of the tax, the company shall be paid by the State Treasurer, upon order of the Comptroller, the amount of such overpayment. The commissioner may prescribe regulations providing for the crediting against the estimated tax for any taxable year of the amount determined to be an overpayment of the corporation business tax for a preceding taxable year.

      (1963, P.A. 651, S. 13(a); P.A. 95-327, S. 3, 10.)

      History: P.A. 95-327 added authority for commissioner to prescribe regulations re crediting overpayment against estimated tax, effective July 1, 1995, and applicable to estimated corporation business taxes for income years commencing on or after January 1, 1996.

      Cited. 44 CA 529.

State Codes and Statutes

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State Codes and Statutes

Statutes > Connecticut > Title12 > Chap208 > Sec12-242g

      Sec. 12-242g. Overpayments: Regulations. If a 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 installment or against the tax. If the amount already paid, whether or not on the basis of installments, exceeds the amount determined to be the correct amount of the tax, the company shall be paid by the State Treasurer, upon order of the Comptroller, the amount of such overpayment. The commissioner may prescribe regulations providing for the crediting against the estimated tax for any taxable year of the amount determined to be an overpayment of the corporation business tax for a preceding taxable year.

      (1963, P.A. 651, S. 13(a); P.A. 95-327, S. 3, 10.)

      History: P.A. 95-327 added authority for commissioner to prescribe regulations re crediting overpayment against estimated tax, effective July 1, 1995, and applicable to estimated corporation business taxes for income years commencing on or after January 1, 1996.

      Cited. 44 CA 529.