General Assembly Proposed Bill No. 586
January Session, 2011 LCO No. 855
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
SEN. GUGLIELMO, 35th Dist.
General Assembly
Proposed Bill No. 586
January Session, 2011
LCO No. 855
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
SEN. GUGLIELMO, 35th Dist.
AN ACT CONCERNING THE LIMITS ON TIME FOR MAKING DEFICIENCY ASSESSMENTS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That section 12-733 of the general statutes be amended to provide that, for errors of five hundred dollars or less on personal income tax returns, the Department of Revenue Services shall notify a taxpayer of a deficiency assessment within two years from the date the tax return is filed.
Statement of Purpose:
To require the Department of Revenue Services to give notice within two years, rather than three years, of errors on personal income tax returns, before large interest expenses are incurred.