Connecticut Senate Bill SB00825

Connecticut 2015 Regular Session

• Introduced: 1/28/15
• Refer: 1/28/15

Caption

An Act Concerning The Deadline For Filing Sales And Use Tax Returns.

Impact

If enacted, this legislation could offer significant relief to small businesses by providing flexibility in meeting tax return deadlines. This is especially pertinent as small enterprises often face cash flow and operational challenges that larger businesses may not encounter to the same extent. By allowing the Commissioner greater discretion, the bill aims to cater to the diverse needs of taxpayers, thus promoting a more supportive environment for small business operations in the state.

Summary

Senate Bill 00825 proposes an amendment to the existing statute concerning the deadline for filing sales and use tax returns. The bill grants the Commissioner of Revenue Services the discretion to waive the deadline for these filings from the twentieth day of the month following a reporting period to the last day of the month. This proposed change seeks to alleviate the burdens placed on small businesses and certified public accountants, who have been adversely affected by the prior alteration of the deadline in 2014.

Contention

While the bill is mainly framed as a corrective measure to aid small businesses, it may also raise questions about administrative capacity and fairness in tax administration. Critics could argue that discretion in waiving deadlines may lead to inconsistencies and potential inequities, where some businesses may benefit from extensions while others do not. Additionally, there may be concerns about how these changes are communicated to affected parties, ensuring that all stakeholders are adequately informed and able to comply with any new provisions.