Connecticut 2019 Regular Session

Connecticut House Bill HB07410 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1
2	2
3	3	LCO No. 6787 1 of 88
4	4
5	5	General Assembly Raised Bill No. 7410
6	6	January Session, 2019
7	7	LCO No. 6787
8	8
9	9
10	10	Referred to Committee on FINANCE, REVENUE AND
11	11	BONDING
12	12
13	13
14	14	Introduced by:
15	15	(FIN)
16	16
17	17
18	18	AN ACT CONCERNING CE RTAIN TAX RECOMMENDATIONS OF T HE
19	19	COMMISSION ON FISCAL STABILITY AND ECONOM IC GROWTH
20	20	AND ESTABLISHING A STEM SCHOLARSHIP PROG RAM.
21	21	Be it enacted by the Senate and House of Representatives in General
22	22	Assembly convened:
23	23
24	24	Section 1. Subdivision (1) of section 12-408 of the general statutes is 1
25	25	repealed and the following is substituted in lieu thereof (Effective 2
26	26	January 1, 2020, and applicable to sales occurring on or after January 1, 3
27	27	2020): 4
28	28	(1) (A) For the privilege of making any sales, as defined in 5
29	29	subdivision (2) of subsection (a) of section 12-407, as amended by this 6
30	30	act, at retail, in this state for a consideration, a tax is hereby imposed 7
31	31	on all retailers at the rate of six and thirty-five-hundredths per cent of 8
32	32	the gross receipts of any retailer from the sale of all tangible personal 9
33	33	property sold at retail or from the rendering of any services 10
34	34	constituting a sale in accordance with subdivision (2) of subsection (a) 11
35	35	of section 12-407, as amended by this act, except, in lieu of said rate, [of 12
36	36	six and thirty-five-hundredths per cent,] the rates provided in 13
37	37	subparagraphs (B) to (H), inclusive, of this subdivision; 14
38	38	(B) (i) At a rate of fifteen per cent with respect to each transfer of 15
39	39	Raised Bill No. 7410
40	40
41	41
42	42
43	43	LCO No. 6787 2 of 88
44	44
45	45	occupancy, from the total amount of rent received by a hotel or 16
46	46	lodging house for the first period not exceeding thirty consecutive 17
47	47	calendar days; 18
48	48	(ii) At a rate of eleven per cent with respect to each transfer of 19
49	49	occupancy, from the total amount of rent received by a bed and 20
50	50	breakfast establishment for the first period not exceeding thirty 21
51	51	consecutive calendar days; 22
52	52	(iii) At a rate of six and thirty-five-hundredths per cent with respect 23
53	53	to each transfer of occupancy, from the total amount of rent received 24
54	54	by a campground for the first period not exceeding thirty consecutive 25
55	55	days; 26
56	56	(C) With respect to the sale of a motor vehicle to any individual who 27
57	57	is a member of the armed forces of the United States and is on full-time 28
58	58	active duty in Connecticut and who is considered, under 50 App USC 29
59	59	574, a resident of another state, or to any such individual and the 30
60	60	spouse thereof, at a rate of four and one-half per cent of the gross 31
61	61	receipts of any retailer from such sales, provided such retailer requires 32
62	62	and maintains a declaration by such individual, prescribed as to form 33
63	63	by the commissioner and bearing notice to the effect that false 34
64	64	statements made in such declaration are punishable, or other evidence, 35
65	65	satisfactory to the commissioner, concerning the purchaser's state of 36
66	66	residence under 50 App USC 574; 37
67	67	(D) (i) With respect to the sales of computer and data processing 38
68	68	services occurring on or after July 1, 2001, at the rate of one per cent, 39
69	69	and (ii) with respect to sales of Internet access services, on and after 40
70	70	July 1, 2001, such services shall be exempt from such tax; 41
71	71	(E) (i) With respect to the sales of labor that is otherwise taxable 42
72	72	under subparagraph (C) or (G) of subdivision (2) of subsection (a) of 43
73	73	section 12-407 on existing vessels and repair or maintenance services 44
74	74	on vessels occurring on and after July 1, 1999, but prior to January 1, 45
75	75	2020, such services shall be exempt from such tax; 46
76	76	Raised Bill No. 7410
77	77
78	78
79	79
80	80	LCO No. 6787 3 of 88
81	81
82	82	(ii) With respect to the sale of a vessel, a motor for a vessel or a 47
83	83	trailer used for transporting a vessel, at the rate of two and ninety-48
84	84	nine-hundredths per cent, except that the sale of a vessel shall be 49
85	85	exempt from such tax if such vessel is docked in this state for sixty or 50
86	86	fewer days in a calendar year; 51
87	87	(F) With respect to patient care services for which payment is 52
88	88	received by the hospital on or after July 1, 1999, and prior to July 1, 53
89	89	2001, at the rate of five and three-fourths per cent and on and after July 54
90	90	1, 2001, such services shall be exempt from such tax; 55
91	91	(G) With respect to the rental or leasing of a passenger motor 56
92	92	vehicle for a period of thirty consecutive calendar days or less, at a rate 57
93	93	of nine and thirty-five-hundredths per cent; 58
94	94	(H) With respect to the sale of (i) a motor vehicle for a sales price 59
95	95	exceeding fifty thousand dollars, at a rate of seven and three-fourths 60
96	96	per cent on the entire sales price, (ii) jewelry, whether real or imitation, 61
97	97	for a sales price exceeding five thousand dollars, at a rate of seven and 62
98	98	three-fourths per cent on the entire sales price, and (iii) an article of 63
99	99	clothing or footwear intended to be worn on or about the human body, 64
100	100	a handbag, luggage, umbrella, wallet or watch for a sales price 65
101	101	exceeding one thousand dollars, at a rate of seven and three-fourths 66
102	102	per cent on the entire sales price. For purposes of this subparagraph, 67
103	103	"motor vehicle" has the meaning provided in section 14-1, but does not 68
104	104	include a motor vehicle subject to the provisions of subparagraph (C) 69
105	105	of this subdivision, a motor vehicle having a gross vehicle weight 70
106	106	rating over twelve thousand five hundred pounds, or a motor vehicle 71
107	107	having a gross vehicle weight rating of twelve thousand five hundred 72
108	108	pounds or less that is not used for private passenger purposes, but is 73
109	109	designed or used to transport merchandise, freight or persons in 74
110	110	connection with any business enterprise and issued a commercial 75
111	111	registration or more specific type of registration by the Department of 76
112	112	Motor Vehicles; 77
113	113	Raised Bill No. 7410
114	114
115	115
116	116
117	117	LCO No. 6787 4 of 88
118	118
119	119	(I) The rate of tax imposed by this chapter shall be applicable to all 78
120	120	retail sales upon the effective date of such rate, except that a new rate 79
121	121	which represents an increase in the rate applicable to the sale shall not 80
122	122	apply to any sales transaction wherein a binding sales contract without 81
123	123	an escalator clause has been entered into prior to the effective date of 82
124	124	the new rate and delivery is made within ninety days after the effective 83
125	125	date of the new rate. For the purposes of payment of the tax imposed 84
126	126	under this section, any retailer of services taxable under subdivision 85
127	127	(37) of subsection (a) of section 12-407, as amended by this act, who 86
128	128	computes taxable income, for purposes of taxation under the Internal 87
129	129	Revenue Code of 1986, or any subsequent corresponding internal 88
130	130	revenue code of the United States, as from time to time amended, on 89
131	131	an accounting basis which recognizes only cash or other valuable 90
132	132	consideration actually received as income and who is liable for such 91
133	133	tax only due to the rendering of such services may make payments 92
134	134	related to such tax for the period during which such income is 93
135	135	received, without penalty or interest, without regard to when such 94
136	136	service is rendered; 95
137	137	(J) (i) For calendar quarters ending on or after September 30, 2019, 96
138	138	the commissioner shall deposit into the regional planning incentive 97
139	139	account, established pursuant to section 4-66k, six and seven-tenths 98
140	140	per cent of the amounts received by the state from the tax imposed 99
141	141	under [subparagraph (B)] subparagraphs (B)(i) and (B)(ii) of this 100
142	142	subdivision and ten and seven-tenths per cent of the amounts received 101
143	143	by the state from the tax imposed under subparagraph (G) of this 102
144	144	subdivision; 103
145	145	(ii) For calendar quarters ending on or after September 30, 2018, the 104
146	146	commissioner shall deposit into the Tourism Fund established under 105
147	147	section 10-395b ten per cent of the amounts received by the state from 106
148	148	the tax imposed under [subparagraph (B)] subparagraphs (B)(i) and 107
149	149	(B)(ii) of this subdivision; 108
150	150	(K) For calendar months commencing on or after July 1, 2021, the 109
151	151	Raised Bill No. 7410
152	152
153	153
154	154
155	155	LCO No. 6787 5 of 88
156	156
157	157	commissioner shall deposit into the municipal revenue sharing 110
158	158	account established pursuant to section 4-66l seven and nine-tenths per 111
159	159	cent of the amounts received by the state from the tax imposed under 112
160	160	subparagraph (A) of this subdivision; and 113
161	161	(L) (i) For calendar months commencing on or after July 1, 2017, the 114
162	162	commissioner shall deposit into the Special Transportation Fund 115
163	163	established under section 13b-68 seven and nine-tenths per cent of the 116
164	164	amounts received by the state from the tax imposed under 117
165	165	subparagraph (A) of this subdivision; 118
166	166	(ii) For calendar months commencing on or after July 1, 2018, but 119
167	167	prior to July 1, 2019, the commissioner shall deposit into the Special 120
168	168	Transportation Fund established under section 13b-68 eight per cent of 121
169	169	the amounts received by the state from the tax imposed under 122
170	170	subparagraphs (A) and (H) of this subdivision on the sale of a motor 123
171	171	vehicle; 124
172	172	(iii) For calendar months commencing on or after July 1, 2019, but 125
173	173	prior to July 1, 2020, the commissioner shall deposit into the Special 126
174	174	Transportation Fund established under section 13b-68 thirty-three per 127
175	175	cent of the amounts received by the state from the tax imposed under 128
176	176	subparagraphs (A) and (H) of this subdivision on the sale of a motor 129
177	177	vehicle; 130
178	178	(iv) For calendar months commencing on or after July 1, 2020, but 131
179	179	prior to July 1, 2021, the commissioner shall deposit into the Special 132
180	180	Transportation Fund established under section 13b-68 fifty-six per cent 133
181	181	of the amounts received by the state from the tax imposed under 134
182	182	subparagraphs (A) and (H) of this subdivision on the sale of a motor 135
183	183	vehicle; 136
184	184	(v) For calendar months commencing on or after July 1, 2021, but 137
185	185	prior to July 1, 2022, the commissioner shall deposit into the Special 138
186	186	Transportation Fund established under section 13b-68 seventy-five per 139
187	187	cent of the amounts received by the state from the tax imposed under 140
188	188	Raised Bill No. 7410
189	189
190	190
191	191
192	192	LCO No. 6787 6 of 88
193	193
194	194	subparagraphs (A) and (H) of this subdivision on the sale of a motor 141
195	195	vehicle; and 142
196	196	(vi) For calendar months commencing on or after July 1, 2022, the 143
197	197	commissioner shall deposit into the Special Transportation Fund 144
198	198	established under section 13b-68 one hundred per cent of the amounts 145
199	199	received by the state from the tax imposed under subparagraphs (A) 146
200	200	and (H) of this subdivision on the sale of a motor vehicle. 147
201	201	Sec. 2. Subdivision (1) of section 12-411 of the general statutes is 148
202	202	repealed and the following is substituted in lieu thereof (Effective July 149
203	203	1, 2019, and applicable to sales occurring on or after July 1, 2019): 150
204	204	(1) (A) An excise tax is hereby imposed on the storage, acceptance, 151
205	205	consumption or any other use in this state of tangible personal 152
206	206	property purchased from any retailer for storage, acceptance, 153
207	207	consumption or any other use in this state, the acceptance or receipt of 154
208	208	any services constituting a sale in accordance with subdivision (2) of 155
209	209	subsection (a) of section 12-407, as amended by this act, purchased 156
210	210	from any retailer for consumption or use in this state, or the storage, 157
211	211	acceptance, consumption or any other use in this state of tangible 158
212	212	personal property which has been manufactured, fabricated, 159
213	213	assembled or processed from materials by a person, either within or 160
214	214	without this state, for storage, acceptance, consumption or any other 161
215	215	use by such person in this state, to be measured by the sales price of 162
216	216	materials, at the rate of six and thirty-five-hundredths per cent of the 163
217	217	sales price of such property or services, except, in lieu of said rate: [of 164
218	218	six and thirty-five-hundredths per cent;] 165
219	219	(B) (i) At a rate of fifteen per cent of the rent paid to a hotel or 166
220	220	lodging house for the first period not exceeding thirty consecutive 167
221	221	calendar days; 168
222	222	(ii) At a rate of eleven per cent of the rent paid to a bed and 169
223	223	breakfast establishment for the first period not exceeding thirty 170
224	224	consecutive calendar days; 171
225	225	Raised Bill No. 7410
226	226
227	227
228	228
229	229	LCO No. 6787 7 of 88
230	230
231	231	(iii) At a rate of six and thirty-five-hundredths per cent with respect 172
232	232	to each transfer of occupancy, from the total amount of rent received 173
233	233	by a campground for the first period not exceeding thirty consecutive 174
234	234	days; 175
235	235	(C) With respect to the storage, acceptance, consumption or use in 176
236	236	this state of a motor vehicle purchased from any retailer for storage, 177
237	237	acceptance, consumption or use in this state by any individual who is a 178
238	238	member of the armed forces of the United States and is on full-time 179
239	239	active duty in Connecticut and who is considered, under 50 App USC 180
240	240	574, a resident of another state, or to any such individual and the 181
241	241	spouse of such individual at a rate of four and one-half per cent of the 182
242	242	sales price of such vehicle, provided such retailer requires and 183
243	243	maintains a declaration by such individual, prescribed as to form by 184
244	244	the commissioner and bearing notice to the effect that false statements 185
245	245	made in such declaration are punishable, or other evidence, 186
246	246	satisfactory to the commissioner, concerning the purchaser's state of 187
247	247	residence under 50 App USC 574; 188
248	248	(D) (i) With respect to the acceptance or receipt in this state of labor 189
249	249	that is otherwise taxable under subparagraph (C) or (G) of subdivision 190
250	250	(2) of subsection (a) of section 12-407 on existing vessels and repair or 191
251	251	maintenance services on vessels occurring on and after July 1, 1999, but 192
252	252	prior to January 1, 2020, such services shall be exempt from such tax; 193
253	253	(ii) (I) With respect to the storage, acceptance or other use of a vessel 194
254	254	in this state, at the rate of two and ninety-nine-hundredths per cent, 195
255	255	except that such storage, acceptance or other use shall be exempt from 196
256	256	such tax if such vessel is docked in this state for sixty or fewer days in 197
257	257	a calendar year; 198
258	258	(II) With respect to the storage, acceptance or other use of a motor 199
259	259	for a vessel or a trailer used for transporting a vessel in this state, at the 200
260	260	rate of two and ninety-nine-hundredths per cent; 201
261	261	(E) (i) With respect to the acceptance or receipt in this state of 202
262	262	Raised Bill No. 7410
263	263
264	264
265	265
266	266	LCO No. 6787 8 of 88
267	267
268	268	computer and data processing services purchased from any retailer for 203
269	269	consumption or use in this state occurring on or after July 1, 2001, at 204
270	270	the rate of one per cent of such services, and (ii) with respect to the 205
271	271	acceptance or receipt in this state of Internet access services, on and 206
272	272	after July 1, 2001, such services shall be exempt from such tax; 207
273	273	(F) With respect to the acceptance or receipt in this state of patient 208
274	274	care services purchased from any retailer for consumption or use in 209
275	275	this state for which payment is received by the hospital on or after July 210
276	276	1, 1999, and prior to July 1, 2001, at the rate of five and three-fourths 211
277	277	per cent and on and after July 1, 2001, such services shall be exempt 212
278	278	from such tax; 213
279	279	(G) With respect to the rental or leasing of a passenger motor 214
280	280	vehicle for a period of thirty consecutive calendar days or less, at a rate 215
281	281	of nine and thirty-five-hundredths per cent; 216
282	282	(H) With respect to the acceptance or receipt in this state of (i) a 217
283	283	motor vehicle for a sales price exceeding fifty thousand dollars, at a 218
284	284	rate of seven and three-fourths per cent on the entire sales price, (ii) 219
285	285	jewelry, whether real or imitation, for a sales price exceeding five 220
286	286	thousand dollars, at a rate of seven and three-fourths per cent on the 221
287	287	entire sales price, and (iii) an article of clothing or footwear intended to 222
288	288	be worn on or about the human body, a handbag, luggage, umbrella, 223
289	289	wallet or watch for a sales price exceeding one thousand dollars, at a 224
290	290	rate of seven and three-fourths per cent on the entire sales price. For 225
291	291	purposes of this subparagraph, "motor vehicle" has the meaning 226
292	292	provided in section 14-1, but does not include a motor vehicle subject 227
293	293	to the provisions of subparagraph (C) of this subdivision, a motor 228
294	294	vehicle having a gross vehicle weight rating over twelve thousand five 229
295	295	hundred pounds, or a motor vehicle having a gross vehicle weight 230
296	296	rating of twelve thousand five hundred pounds or less that is not used 231
297	297	for private passenger purposes, but is designed or used to transport 232
298	298	merchandise, freight or persons in connection with any business 233
299	299	enterprise and issued a commercial registration or more specific type 234
300	300	Raised Bill No. 7410
301	301
302	302
303	303
304	304	LCO No. 6787 9 of 88
305	305
306	306	of registration by the Department of Motor Vehicles; 235
307	307	(I) (i) For calendar quarters ending on or after September 30, 2019, 236
308	308	the commissioner shall deposit into the regional planning incentive 237
309	309	account, established pursuant to section 4-66k, six and seven-tenths 238
310	310	per cent of the amounts received by the state from the tax imposed 239
311	311	under [subparagraph (B)] subparagraphs (B)(i) and (B)(ii) of this 240
312	312	subdivision and ten and seven-tenths per cent of the amounts received 241
313	313	by the state from the tax imposed under subparagraph (G) of this 242
314	314	subdivision; 243
315	315	(ii) For calendar quarters ending on or after September 30, 2018, the 244
316	316	commissioner shall deposit into the Tourism Fund established under 245
317	317	section 10-395b ten per cent of the amounts received by the state from 246
318	318	the tax imposed under [subparagraph (B)] subparagraphs (B)(i) and 247
319	319	(B)(ii) of this subdivision; 248
320	320	(J) For calendar months commencing on or after July 1, 2021, the 249
321	321	commissioner shall deposit into said municipal revenue sharing 250
322	322	account seven and nine-tenths per cent of the amounts received by the 251
323	323	state from the tax imposed under subparagraph (A) of this 252
324	324	subdivision; and 253
325	325	(K) (i) For calendar months commencing on or after July 1, 2017, the 254
326	326	commissioner shall deposit into said Special Transportation Fund 255
327	327	seven and nine-tenths per cent of the amounts received by the state 256
328	328	from the tax imposed under subparagraph (A) of this subdivision; 257
329	329	(ii) For calendar months commencing on or after July 1, 2018, but 258
330	330	prior to July 1, 2019, the commissioner shall deposit into the Special 259
331	331	Transportation Fund established under section 13b-68 eight per cent of 260
332	332	the amounts received by the state from the tax imposed under 261
333	333	subparagraphs (A) and (H) of this subdivision on the acceptance or 262
334	334	receipt in this state of a motor vehicle; 263
335	335	(iii) For calendar months commencing on or after July 1, 2019, but 264
336	336	Raised Bill No. 7410
337	337
338	338
339	339
340	340	LCO No. 6787 10 of 88
341	341
342	342	prior to July 1, 2020, the commissioner shall deposit into the Special 265
343	343	Transportation Fund established under section 13b-68 thirty-three per 266
344	344	cent of the amounts received by the state from the tax imposed under 267
345	345	subparagraphs (A) and (H) of this subdivision on the acceptance or 268
346	346	receipt in this state of a motor vehicle; 269
347	347	(iv) For calendar months commencing on or after July 1, 2020, but 270
348	348	prior to July 1, 2021, the commissioner shall deposit into the Special 271
349	349	Transportation Fund established under section 13b-68 fifty-six per cent 272
350	350	of the amounts received by the state from the tax imposed under 273
351	351	subparagraphs (A) and (H) of this subdivision on the acceptance or 274
352	352	receipt in this state of a motor vehicle; 275
353	353	(v) For calendar months commencing on or after July 1, 2021, but 276
354	354	prior to July 1, 2022, the commissioner shall deposit into the Special 277
355	355	Transportation Fund established under section 13b-68 seventy-five per 278
356	356	cent of the amounts received by the state from the tax imposed under 279
357	357	subparagraphs (A) and (H) of this subdivision on the acceptance or 280
358	358	receipt in this state of a motor vehicle; and 281
359	359	(vi) For calendar months commencing on or after July 1, 2022, the 282
360	360	commissioner shall deposit into the Special Transportation Fund 283
361	361	established under section 13b-68 one hundred per cent of the amounts 284
362	362	received by the state from the tax imposed under subparagraphs (A) 285
363	363	and (H) of this subdivision on the acceptance or receipt in this state of 286
364	364	a motor vehicle. 287
365	365	Sec. 3. Subdivision (13) of subsection (a) of section 12-407 of the 288
366	366	general statutes is repealed and the following is substituted in lieu 289
367	367	thereof (Effective January 1, 2020, and applicable to sales occurring on or 290
368	368	after January 1, 2020): 291
369	369	(13) "Tangible personal property" means personal property [which] 292
370	370	that may be seen, weighed, measured, felt or touched or [which] that is 293
371	371	in any other manner perceptible to the senses. [including] "Tangible 294
372	372	personal property" includes (A) digital goods and canned or 295
373	373	Raised Bill No. 7410
374	374
375	375
376	376
377	377	LCO No. 6787 11 of 88
378	378
379	379	prewritten computer software, [. Tangible personal property includes] 296
380	380	including prewritten software that is electronically accessed or 297
381	381	transferred and any additional content related to such software, and 298
382	382	(B) the distribution, generation or transmission of electricity. 299
383	383	Sec. 4. Subsection (a) of section 12-407 of the general statutes is 300
384	384	amended by adding subdivision (43) as follows (Effective January 1, 301
385	385	2020, and applicable to sales occurring on or after January 1, 2020): 302
386	386	(NEW) (43) "Digital goods" means audio works, visual works, 303
387	387	audio-visual works, reading materials or ring tones, that are 304
388	388	electronically accessed or transferred. 305
389	389	Sec. 5. Subdivision (37) of subsection (a) of section 12-407 of the 306
390	390	general statutes is repealed and the following is substituted in lieu 307
391	391	thereof (Effective January 1, 2020, and applicable to sales occurring on or 308
392	392	after January 1, 2020): 309
393	393	(37) "Services" for purposes of subdivision (2) of this subsection, 310
394	394	means: 311
395	395	(A) Computer and data processing services, including, but not 312
396	396	limited to, time, programming, code writing, modification of existing 313
397	397	programs, feasibility studies and installation and implementation of 314
398	398	software programs and systems even where such services are rendered 315
399	399	in connection with the development, creation or production of canned 316
400	400	or custom software or the license of custom software, but excluding 317
401	401	digital goods; 318
402	402	(B) Credit information and reporting services; 319
403	403	(C) Services by employment agencies and agencies providing 320
404	404	personnel services; 321
405	405	(D) Private investigation, protection, patrol work, watchman and 322
406	406	armored car services, exclusive of (i) services of off-duty police officers 323
407	407	and off-duty firefighters, and (ii) coin and currency services provided 324
408	408	Raised Bill No. 7410
409	409
410	410
411	411
412	412	LCO No. 6787 12 of 88
413	413
414	414	to a financial services company by or through another financial 325
415	415	services company. For purposes of this subparagraph, "financial 326
416	416	services company" has the same meaning as provided under 327
417	417	subparagraphs (A) to (H), inclusive, of subdivision (6) of subsection (a) 328
418	418	of section 12-218b; 329
419	419	(E) Painting and lettering services; 330
420	420	(F) Photographic studio services; 331
421	421	(G) Telephone answering services; 332
422	422	(H) Stenographic services; 333
423	423	(I) Services to industrial, commercial, [or] income-producing or 334
424	424	residential real property, including, but not limited to, such services as 335
425	425	management, electrical, plumbing, painting and carpentry, provided 336
426	426	income-producing property shall not include [property used 337
427	427	exclusively for residential purposes in which the owner resides and 338
428	428	which contains no more than three dwelling units, or] a housing 339
429	429	facility for low and moderate income families and persons owned or 340
430	430	operated by a nonprofit housing organization, as defined in 341
431	431	subdivision (29) of section 12-412; 342
432	432	(J) Business analysis, management, management consulting and 343
433	433	public relations services, excluding (i) any environmental consulting 344
434	434	services, (ii) any training services provided by an institution of higher 345
435	435	education licensed or accredited by the Board of Regents for Higher 346
436	436	Education or Office of Higher Education pursuant to sections 10a-35a 347
437	437	and 10a-34, respectively, and (iii) on and after January 1, 1994, any 348
438	438	business analysis, management, management consulting and public 349
439	439	relations services when such services are rendered in connection with 350
440	440	an aircraft leased or owned by a certificated air carrier or in connection 351
441	441	with an aircraft which has a maximum certificated take-off weight of 352
442	442	six thousand pounds or more; 353
443	443	Raised Bill No. 7410
444	444
445	445
446	446
447	447	LCO No. 6787 13 of 88
448	448
449	449	(K) Services providing "piped-in" music to business or professional 354
450	450	establishments; 355
451	451	(L) Flight instruction and chartering services by a certificated air 356
452	452	carrier on an aircraft, the use of which for such purposes, but for the 357
453	453	provisions of subdivision (4) of section 12-410 and subdivision (12) of 358
454	454	section 12-411, would be deemed a retail sale and a taxable storage or 359
455	455	use, respectively, of such aircraft by such carrier; 360
456	456	(M) Motor vehicle repair services, including any type of repair, 361
457	457	painting or replacement related to the body or any of the operating 362
458	458	parts of a motor vehicle; 363
459	459	(N) Motor vehicle parking, [including the provision of space, other 364
460	460	than metered space, in a lot having thirty or more spaces,] excluding 365
461	461	[(i)] space in a parking lot owned or leased under the terms of a lease 366
462	462	of not less than ten years' duration and operated by an employer for 367
463	463	the exclusive use of its employees; [, (ii) space in municipally operated 368
464	464	railroad parking facilities in municipalities located within an area of 369
465	465	the state designated as a severe nonattainment area for ozone under 370
466	466	the federal Clean Air Act or space in a railroad parking facility in a 371
467	467	municipality located within an area of the state designated as a severe 372
468	468	nonattainment area for ozone under the federal Clean Air Act owned 373
469	469	or operated by the state on or after April 1, 2000, (iii) space in a 374
470	470	seasonal parking lot provided by an entity subject to the exemption set 375
471	471	forth in subdivision (1) of section 12-412, and (iv) space in a 376
472	472	municipally owned parking lot;] 377
473	473	(O) Radio or television repair services; 378
474	474	(P) Furniture reupholstering and repair services; 379
475	475	(Q) Repair services to any electrical or electronic device, including, 380
476	476	but not limited to, equipment used for purposes of refrigeration or 381
477	477	air-conditioning; 382
478	478	Raised Bill No. 7410
479	479
480	480
481	481
482	482	LCO No. 6787 14 of 88
483	483
484	484	(R) Lobbying or consulting services for purposes of representing the 383
485	485	interests of a client in relation to the functions of any governmental 384
486	486	entity or instrumentality; 385
487	487	(S) Services of the agent of any person in relation to the sale of any 386
488	488	item of tangible personal property for such person, exclusive of the 387
489	489	services of a consignee selling works of art, as defined in subsection (b) 388
490	490	of section 12-376c, or articles of clothing or footwear intended to be 389
491	491	worn on or about the human body other than (i) any special clothing 390
492	492	or footwear primarily designed for athletic activity or protective use 391
493	493	and which is not normally worn except when used for the athletic 392
494	494	activity or protective use for which it was designed, and (ii) jewelry, 393
495	495	handbags, luggage, umbrellas, wallets, watches and similar items 394
496	496	carried on or about the human body but not worn on the body, under 395
497	497	consignment, exclusive of services provided by an auctioneer; 396
498	498	(T) Locksmith services; 397
499	499	(U) Advertising or public relations services, including layout, art 398
500	500	direction, graphic design, mechanical preparation or production 399
501	501	supervision, not related to the development of media advertising or 400
502	502	cooperative direct mail advertising; 401
503	503	(V) Landscaping and horticulture services; 402
504	504	(W) Window cleaning services; 403
505	505	(X) [Maintenance services] Services to buildings and dwellings, 404
506	506	including, but not limited to, maintenance, repair, renovation, exterior 405
507	507	cleaning, chimney cleaning, driveway cleaning, duct cleaning, drain or 406
508	508	gutter cleaning, refuse collection, snow plowing and all other such 407
509	509	services not specifically enumerated herein; 408
510	510	(Y) Janitorial services; 409
511	511	(Z) Exterminating services; 410
512	512	Raised Bill No. 7410
513	513
514	514
515	515
516	516	LCO No. 6787 15 of 88
517	517
518	518	(AA) Swimming pool cleaning and maintenance services; 411
519	519	(BB) [Miscellaneous personal services included in industry group 412
520	520	729 in the Standard Industrial Classification Manual, United States 413
521	521	Office of Management and Budget, 1987 edition, or U.S. industry 414
522	522	532220, 812191, 812199 or 812990 in] Personal and laundry services 415
523	523	described in industry group 812 of the North American Industrial 416
524	524	Classification System United States Manual, United States Office of 417
525	525	Management and Budget (NAICS), [1997] 2017 edition, exclusive of [(i) 418
526	526	services rendered by massage therapists licensed pursuant to chapter 419
527	527	384a, and (ii) services rendered by an electrologist licensed pursuant to 420
528	528	chapter 388] death care services described in industry group 8122 of 421
529	529	the NAICS, 2017 edition and diaper cleaning services; 422
530	530	(CC) Any repair or maintenance service to any item of tangible 423
531	531	personal property including any contract of warranty or service related 424
532	532	to any such item; 425
533	533	(DD) Business analysis, management or managing consulting 426
534	534	services rendered by a general partner, or an affiliate thereof, to a 427
535	535	limited partnership, provided (i) the general partner, or an affiliate 428
536	536	thereof, is compensated for the rendition of such services other than 429
537	537	through a distributive share of partnership profits or an annual 430
538	538	percentage of partnership capital or assets established in the limited 431
539	539	partnership's offering statement, and (ii) the general partner, or an 432
540	540	affiliate thereof, offers such services to others, including any other 433
541	541	partnership. As used in this subparagraph "an affiliate of a general 434
542	542	partner" means an entity which is directly or indirectly owned fifty per 435
543	543	cent or more in common with a general partner; 436
544	544	(EE) Notwithstanding the provisions of section 12-412, as amended 437
545	545	by this act, except subdivision (87) of said section, [12-412,] patient care 438
546	546	services, as defined in subdivision (29) of this subsection by a hospital, 439
547	547	except that "sale" and "selling" does not include such patient care 440
548	548	services for which payment is received by the hospital during the 441
549	549	Raised Bill No. 7410
550	550
551	551
552	552
553	553	LCO No. 6787 16 of 88
554	554
555	555	period commencing July 1, 2001, and ending June 30, 2003; 442
556	556	(FF) Health and athletic club services, exclusive of (i) any such 443
557	557	services provided without any additional charge which are included in 444
558	558	any dues or initiation fees paid to any such club, which dues or fees 445
559	559	are subject to tax under section 12-543, and (ii) any such services 446
560	560	provided by a municipality or an organization that is described in 447
561	561	Section 501(c) of the Internal Revenue Code of 1986, or any subsequent 448
562	562	corresponding internal revenue code of the United States, as from time 449
563	563	to time amended; 450
564	564	(GG) Motor vehicle storage services, including storage of motor 451
565	565	homes, campers and camp trailers, other than the furnishing of space 452
566	566	as described in subparagraph (P) of subdivision (2) of this subsection; 453
567	567	(HH) Packing and crating services, other than those provided in 454
568	568	connection with the sale of tangible personal property by the retailer of 455
569	569	such property; 456
570	570	(II) Motor vehicle towing and road services, other than motor 457
571	571	vehicle repair services; 458
572	572	(JJ) Intrastate transportation services provided by livery services, 459
573	573	including limousines, community cars or vans, with a driver. Intrastate 460
574	574	transportation services shall not include transportation by taxicab, 461
575	575	motor bus, ambulance or ambulette, scheduled public transportation, 462
576	576	nonemergency medical transportation provided under the Medicaid 463
577	577	program, paratransit services provided by agreement or arrangement 464
578	578	with the state or any political subdivision of the state, dial-a-ride 465
579	579	services or services provided in connection with funerals; 466
580	580	(KK) [Pet] Animal grooming and [pet] animal boarding services, 467
581	581	[except if such services are provided as an integral part of professional 468
582	582	veterinary services,] and pet obedience services; 469
583	583	(LL) Services in connection with a cosmetic medical procedure. For 470
584	584	Raised Bill No. 7410
585	585
586	586
587	587
588	588	LCO No. 6787 17 of 88
589	589
590	590	purposes of this subparagraph, "cosmetic medical procedure" means 471
591	591	any medical procedure performed on an individual that is directed at 472
592	592	improving the individual's appearance and that does not meaningfully 473
593	593	promote the proper function of the body or prevent or treat illness or 474
594	594	disease. "Cosmetic medical procedure" includes, but is not limited to, 475
595	595	cosmetic surgery, hair transplants, cosmetic injections, cosmetic soft 476
596	596	tissue fillers, dermabrasion and chemical peel, laser hair removal, laser 477
597	597	skin resurfacing, laser treatment of leg veins and sclerotherapy. 478
598	598	"Cosmetic medical procedure" does not include reconstructive surgery. 479
599	599	"Reconstructive surgery" includes any surgery performed on abnormal 480
600	600	structures caused by or related to congenital defects, developmental 481
601	601	abnormalities, trauma, infection, tumors or disease, including 482
602	602	procedures to improve function or give a more normal appearance; 483
603	603	(MM) Manicure services, pedicure services and all other nail 484
604	604	services, regardless of where performed, including airbrushing, fills, 485
605	605	full sets, nail sculpting, paraffin treatments and polishes; 486
606	606	(NN) Spa services, regardless of where performed, including body 487
607	607	waxing and wraps, peels, scrubs and facials; [and] 488
608	608	(OO) Car wash services, including coin-operated car washes; [.] 489
609	609	(PP) Travel arrangement and reservation services described in 490
610	610	industry group 5615 of the NAICS, 2017 edition, as amended from 491
611	611	time to time; 492
612	612	(QQ) Interior design services described in industry group 54141 of 493
613	613	the NAICS, 2017 edition, as amended from time to time; 494
614	614	(RR) Veterinary services described in industry group 54194 of the 495
615	615	NAICS, 2017 edition, as amended from time to time; 496
616	616	(SS) Sports and recreation instruction services described in industry 497
617	617	group 61162 of the NAICS, 2017 edition, as amended from time to 498
618	618	time; and 499
619	619	Raised Bill No. 7410
620	620
621	621
622	622
623	623	LCO No. 6787 18 of 88
624	624
625	625	(TT) Waste management and remediation services provided by 500
626	626	establishments described in industry group 5621 of the NAICS, 2017 501
627	627	edition, as amended from time to time. 502
628	628	Sec. 6. Section 12-412 of the general statutes is amended by adding 503
629	629	subdivision (124) as follows (Effective January 1, 2020, and applicable to 504
630	630	sales occurring on or after January 1, 2020): 505
631	631	(NEW) (124) (A) Sales of services set forth in subparagraphs (PP) to 506
632	632	(RR), inclusive, and subparagraph (TT) of subdivision (37) of 507
633	633	subsection (a) of section 12-407, as amended by this act, and sales of 508
634	634	digital goods, that are purchased by a business for use by such 509
635	635	business. 510
636	636	(B) Each purchaser of services or digital goods exempt pursuant to 511
637	637	the provisions of this subdivision shall present, in order to qualify for 512
638	638	such exemption, a certificate to the retailer, in such form as the 513
639	639	commissioner may prescribe, certifying that the purchaser is a business 514
640	640	and is purchasing such services for its business. The purchaser of the 515
641	641	services or digital goods shall be liable for the tax otherwise imposed if 516
642	642	the certificate is improperly provided to the retailer, and any person 517
643	643	who wilfully delivers a certificate that is known to be fraudulent or 518
644	644	false in any material matter to a retailer shall, in addition to any other 519
645	645	penalty provided by law, be guilty of a class D felony. 520
646	646	Sec. 7. Subdivision (120) of section 12-412 of the general statutes is 521
647	647	repealed and the following is substituted in lieu thereof (Effective 522
648	648	January 1, 2020, and applicable to sales occurring on or after January 1, 523
649	649	2020): 524
650	650	(120) [On and after April 1, 2015, sales of the following 525
651	651	nonprescription drugs or medicines available for purchase for use in or 526
652	652	on the body: Vitamin or mineral concentrates; dietary supplements; 527
653	653	natural or herbal drugs or medicines; products intended to be taken for 528
654	654	coughs, cold, asthma or allergies, or antihistamines; laxatives; 529
655	655	antidiarrheal medicines; analgesics; antibiotic, antibacterial, antiviral 530
656	656	Raised Bill No. 7410
657	657
658	658
659	659
660	660	LCO No. 6787 19 of 88
661	661
662	662	and antifungal medicines; antiseptics; astringents; anesthetics; 531
663	663	steroidal medicines; anthelmintics; emetics and antiemetics; antacids; 532
664	664	and any medication prepared to be used in the eyes, ears or nose. 533
665	665	Nonprescription drugs or medicines shall not include cosmetics, 534
666	666	dentrifrices, mouthwash, shaving and hair care products, soaps or 535
667	667	deodorants] Sales of marijuana sold pursuant to chapter 420f by a 536
668	668	licensed dispensary for palliative use. 537
669	669	Sec. 8. Subparagraph (H) of subdivision (2) of subsection (a) of 538
670	670	section 12-407 of the general statutes is repealed and the following is 539
671	671	substituted in lieu thereof (Effective January 1, 2020, and applicable to 540
672	672	sales occurring on or after January 1, 2020): 541
673	673	(H) A transfer for a consideration of the occupancy of any room or 542
674	674	rooms in a hotel, lodging house or bed and breakfast establishment or 543
675	675	of any space in a campground, for a period of thirty consecutive 544
676	676	calendar days or less; 545
677	677	Sec. 9. Subparagraph (A) of subdivision (3) of subsection (a) of 546
678	678	section 12-407 of the general statutes is repealed and the following is 547
679	679	substituted in lieu thereof (Effective January 1, 2020, and applicable to 548
680	680	sales occurring on or after January 1, 2020): 549
681	681	(3) (A) "Retail sale" or "sale at retail" means and includes a sale for 550
682	682	any purpose other than resale in the regular course of business of (i) 551
683	683	tangible personal property, [or] (ii) a transfer for a consideration of the 552
684	684	occupancy of (I) any room or rooms in a hotel, lodging house or bed 553
685	685	and breakfast establishment for a period of thirty consecutive calendar 554
686	686	days or less, or (II) any space in a campground for a period of thirty 555
687	687	consecutive calendar days or less, or (iii) the rendering of any service 556
688	688	described in subdivision (2) of this subsection. The delivery in this 557
689	689	state of tangible personal property by an owner or former owner 558
690	690	thereof or by a factor, if the delivery is to a consumer pursuant to a 559
691	691	retail sale made by a retailer not engaged in business in this state, is a 560
692	692	retail sale in this state by the person making the delivery. Such person 561
693	693	Raised Bill No. 7410
694	694
695	695
696	696
697	697	LCO No. 6787 20 of 88
698	698
699	699	shall include the retail selling price of the property in such person's 562
700	700	gross receipts. 563
701	701	Sec. 10. Subdivision (7) of subsection (a) of section 12-407 of the 564
702	702	general statutes is repealed and the following is substituted in lieu 565
703	703	thereof (Effective January 1, 2020, and applicable to sales occurring on or 566
704	704	after January 1, 2020): 567
705	705	(7) "Purchase" and "purchasing" means and includes: (A) Any 568
706	706	transfer, exchange or barter, conditional or otherwise, in any manner 569
707	707	or by any means whatsoever, of (i) tangible personal property for a 570
708	708	consideration, or (ii) of the occupancy of any room or rooms in a hotel, 571
709	709	lodging house or bed and breakfast establishment for a period of thirty 572
710	710	consecutive calendar days or less for a consideration or of any space in 573
711	711	a campground for a period of thirty consecutive calendar days or less 574
712	712	for a consideration; (B) a transaction whereby the possession of 575
713	713	property is transferred but the seller retains the title as security for the 576
714	714	payment of the price; (C) a transfer for a consideration of tangible 577
715	715	personal property which has been produced, fabricated or printed to 578
716	716	the special order of the customer, or of any publication; (D) when 579
717	717	performed outside this state or when the customer gives a resale 580
718	718	certificate pursuant to section 12-410, the producing, fabricating, 581
719	719	processing, printing or imprinting of tangible personal property for a 582
720	720	consideration for consumers who furnish either directly or indirectly 583
721	721	the materials used in the producing, fabricating, processing, printing 584
722	722	or imprinting; (E) the acceptance or receipt of any service described in 585
723	723	any of the subparagraphs of subdivision (2) of this subsection; (F) any 586
724	724	leasing or rental of tangible personal property. Wherever in this 587
725	725	chapter reference is made to the purchase or purchasing of tangible 588
726	726	personal property, it shall be construed to include purchases as 589
727	727	described in this subsection. 590
728	728	Sec. 11. Subparagraph (A) of subdivision (8) of subsection (a) of 591
729	729	section 12-407 of the general statutes is repealed and the following is 592
730	730	substituted in lieu thereof (Effective January 1, 2020, and applicable to 593
731	731	Raised Bill No. 7410
732	732
733	733
734	734
735	735	LCO No. 6787 21 of 88
736	736
737	737	sales occurring on or after January 1, 2020): 594
738	738	(8) (A) "Sales price" means the total amount for which tangible 595
739	739	personal property is sold by a retailer, the total amount of rent for 596
740	740	which occupancy of a room or of a space in a campground is 597
741	741	transferred by an operator, the total amount for which any service 598
742	742	described in subdivision (2) of this subsection is rendered by a retailer 599
743	743	or the total amount of payment or periodic payments for which 600
744	744	tangible personal property is leased by a retailer, valued in money, 601
745	745	whether paid in money or otherwise, which amount is due and owing 602
746	746	to the retailer or operator and, subject to the provisions of subdivision 603
747	747	(1) of section 12-408, as amended by this act, whether or not actually 604
748	748	received by the retailer or operator, without any deduction on account 605
749	749	of any of the following: (i) The cost of the property sold; (ii) the cost of 606
750	750	materials used, labor or service cost, interest charged, losses or any 607
751	751	other expenses; (iii) for any sale occurring on or after July 1, 1993, any 608
752	752	charges by the retailer to the purchaser for shipping or delivery, 609
753	753	notwithstanding whether such charges are separately stated in a 610
754	754	written contract, or on a bill or invoice rendered to such purchaser or 611
755	755	whether such shipping or delivery is provided by the retailer or a third 612
756	756	party. The provisions of subparagraph (A) (iii) of this subdivision shall 613
757	757	not apply to any item exempt from taxation pursuant to section 12-412, 614
758	758	as amended by this act. Such total amount includes any services that 615
759	759	are a part of the sale; except as otherwise provided in subparagraph 616
760	760	(B)(v) or (B)(vi) of this subdivision, any amount for which credit is 617
761	761	given to the purchaser by the retailer, and all compensation and all 618
762	762	employment-related expenses, whether or not separately stated, paid 619
763	763	to or on behalf of employees of a retailer of any service described in 620
764	764	subdivision (2) of this subsection. 621
765	765	Sec. 12. Subparagraph (A) of subdivision (9) of subsection (a) of 622
766	766	section 12-407 of the general statutes is repealed and the following is 623
767	767	substituted in lieu thereof (Effective January 1, 2020, and applicable to 624
768	768	sales occurring on or after January 1, 2020): 625
769	769	Raised Bill No. 7410
770	770
771	771
772	772
773	773	LCO No. 6787 22 of 88
774	774
775	775	(9) (A) "Gross receipts" means the total amount of the sales price 626
776	776	from retail sales of tangible personal property by a retailer, the total 627
777	777	amount of the rent from transfers of occupancy of rooms or of space in 628
778	778	a campground by an operator, the total amount of the sales price from 629
779	779	retail sales of any service described in subdivision (2) of this subsection 630
780	780	by a retailer of services, or the total amount of payment or periodic 631
781	781	payments from leases or rentals of tangible personal property by a 632
782	782	retailer, valued in money, whether received in money or otherwise, 633
783	783	which amount is due and owing to the retailer or operator and, subject 634
784	784	to the provisions of subdivision (1) of section 12-408, as amended by 635
785	785	this act, whether or not actually received by the retailer or operator, 636
786	786	without any deduction on account of any of the following: (i) The cost 637
787	787	of the property sold; however, in accordance with such regulations as 638
788	788	the Commissioner of Revenue Services may prescribe, a deduction 639
789	789	may be taken if the retailer has purchased property for some other 640
790	790	purpose than resale, has reimbursed the retailer's vendor for tax which 641
791	791	the vendor is required to pay to the state or has paid the use tax with 642
792	792	respect to the property, and has resold the property prior to making 643
793	793	any use of the property other than retention, demonstration or display 644
794	794	while holding it for sale in the regular course of business. If such a 645
795	795	deduction is taken by the retailer, no refund or credit will be allowed 646
796	796	to the retailer's vendor with respect to the sale of the property; (ii) the 647
797	797	cost of the materials used, labor or service cost, interest paid, losses or 648
798	798	any other expense; (iii) for any sale occurring on or after July 1, 1993, 649
799	799	except for any item exempt from taxation pursuant to section 12-412, 650
800	800	as amended by this act, any charges by the retailer to the purchaser for 651
801	801	shipping or delivery, notwithstanding whether such charges are 652
802	802	separately stated in the written contract, or on a bill or invoice 653
803	803	rendered to such purchaser or whether such shipping or delivery is 654
804	804	provided by the retailer or a third party. The total amount of the sales 655
805	805	price includes any services that are a part of the sale; all receipts, cash, 656
806	806	credits and property of any kind; except as otherwise provided in 657
807	807	subparagraph (B)(v) or (B)(vi) of this subdivision, any amount for 658
808	808	which credit is allowed by the retailer to the purchaser; and all 659
809	809	Raised Bill No. 7410
810	810
811	811
812	812
813	813	LCO No. 6787 23 of 88
814	814
815	815	compensation and all employment-related expenses, whether or not 660
816	816	separately stated, paid to or on behalf of employees of a retailer of any 661
817	817	service described in subdivision (2) of this subsection. 662
818	818	Sec. 13. Subparagraph (A) of subdivision (15) of subsection (a) of 663
819	819	section 12-407 of the general statutes is repealed and the following is 664
820	820	substituted in lieu thereof (Effective January 1, 2020, and applicable to 665
821	821	sales occurring on or after January 1, 2020): 666
822	822	(15) (A) "Engaged in business in the state" means and, to the extent 667
823	823	not prohibited by the Constitution of the United States, includes, but 668
824	824	shall not be limited to, the following acts or methods of transacting 669
825	825	business: (i) Selling in this state, or any activity in this state in 670
826	826	connection with selling in this state, tangible personal property for use, 671
827	827	storage or consumption within the state; (ii) engaging in the transfer 672
828	828	for a consideration of the occupancy of (I) any room or rooms in a 673
829	829	hotel, lodging house or bed and breakfast establishment for a period of 674
830	830	thirty consecutive calendar days or less, or (II) any space in a 675
831	831	campground for a period of thirty consecutive calendar days or less; 676
832	832	(iii) rendering in this state any service described in any of the 677
833	833	subparagraphs of subdivision (2) of this subsection; (iv) maintaining, 678
834	834	occupying or using, permanently or temporarily, directly or indirectly, 679
835	835	through a subsidiary or agent, by whatever name called, any office, 680
836	836	place of distribution, sales or sample room or place, warehouse or 681
837	837	storage point or other place of business or having any representative, 682
838	838	agent, salesman, canvasser or solicitor operating in this state for the 683
839	839	purpose of selling, delivering or taking orders; (v) notwithstanding the 684
840	840	fact that retail sales are made from outside this state to a destination 685
841	841	within this state, engaging in regular or systematic solicitation of sales 686
842	842	of tangible personal property in this state by the display of 687
843	843	advertisements on billboards or other outdoor advertising in this state, 688
844	844	by the distribution of catalogs, periodicals, advertising flyers or other 689
845	845	advertising by means of print, radio or television media, or by mail, 690
846	846	telegraphy, telephone, computer data base, cable, optic, microwave, 691
847	847	Internet or other communication system, for the purpose of effecting 692
848	848	Raised Bill No. 7410
849	849
850	850
851	851
852	852	LCO No. 6787 24 of 88
853	853
854	854	retail sales of tangible personal property, provided at least two 693
855	855	hundred fifty thousand dollars of gross receipts are received and two 694
856	856	hundred or more retail sales from outside this state to destinations 695
857	857	within this state are made during the twelve-month period ended on 696
858	858	the September thirtieth immediately preceding the monthly or 697
859	859	quarterly period with respect to which liability for tax under this 698
860	860	chapter is determined; (vi) being owned or controlled, either directly 699
861	861	or indirectly, by a retailer engaged in business in this state which is the 700
862	862	same as or similar to the line of business in which the retailer so owned 701
863	863	or controlled is engaged; (vii) being owned or controlled, either 702
864	864	directly or indirectly, by the same interests that own or control, either 703
865	865	directly or indirectly, a retailer engaged in business in this state which 704
866	866	is the same as or similar to the line of business in which the retailer so 705
867	867	owned or controlled is engaged; (viii) being the assignee of a person 706
868	868	engaged in the business of leasing tangible personal property to others, 707
869	869	where leased property of such person is situated within this state and 708
870	870	such assignee has a security interest, as defined in subdivision (35) of 709
871	871	subsection (b) of section 42a-1-201, in such property; (ix) 710
872	872	notwithstanding the fact that retail sales of items of tangible personal 711
873	873	property are made from outside this state to a destination within this 712
874	874	state, repairing or servicing such items, under a warranty, in this state, 713
875	875	either directly or indirectly through an agent, independent contractor 714
876	876	or subsidiary; and (x) selling tangible personal property or services 715
877	877	through an agreement with a person located in this state, under which 716
878	878	such person located in this state, for a commission or other 717
879	879	consideration that is based upon the sale of tangible personal property 718
880	880	or services by the retailer, directly or indirectly refers potential 719
881	881	customers, whether by a link on an Internet web site or otherwise, to 720
882	882	the retailer, provided the cumulative gross receipts from sales by the 721
883	883	retailer to customers in the state who are referred to the retailer by all 722
884	884	such persons with this type of agreement with the retailer is in excess 723
885	885	of two hundred fifty thousand dollars during the four preceding four 724
886	886	quarterly periods ending on the last day of March, June, September 725
887	887	and December. 726
888	888	Raised Bill No. 7410
889	889
890	890
891	891
892	892	LCO No. 6787 25 of 88
893	893
894	894	Sec. 14. Subdivisions (18) and (19) of subsection (a) of section 12-407 727
895	895	of the general statutes are repealed and the following is substituted in 728
896	896	lieu thereof (Effective January 1, 2020, and applicable to sales occurring on 729
897	897	or after January 1, 2020): 730
898	898	(18) "Operator" means any person operating a hotel, lodging house, 731
899	899	[or] bed and breakfast establishment or campground in the state, 732
900	900	including, but not limited to, the owner or proprietor of such premises, 733
901	901	lessee, sublessee, mortgagee in possession, licensee or any other person 734
902	902	otherwise operating such hotel, lodging house, [or] bed and breakfast 735
903	903	establishment or campground. 736
904	904	(19) "Occupancy" means the use or possession, or the right to the 737
905	905	use or possession, of any room or rooms in a hotel, lodging house or 738
906	906	bed and breakfast establishment or of any space in a campground, or 739
907	907	the right to the use or possession of the furnishings or the services and 740
908	908	accommodations accompanying the use and possession of such room 741
909	909	or rooms or such space, for the first period of not more than thirty 742
910	910	consecutive calendar days. 743
911	911	Sec. 15. Section 12-640 of the general statutes is repealed and the 744
912	912	following is substituted in lieu thereof (Effective from passage and 745
913	913	applicable to gifts made on or after January 1, 2019): 746
914	914	For [the calendar year 1991 and each year thereafter] calendar years 747
915	915	commencing January 1, 1991, but prior to January 1, 2019, a tax 748
916	916	computed as provided in section 12-642, as amended by this act, is 749
917	917	hereby imposed on the transfer of property by gift during such taxable 750
918	918	year by any individual resident or nonresident provided, for the 751
919	919	calendar year commencing January 1, 1991, such tax shall be imposed 752
920	920	only on those gifts [which are] that were transferred on or after 753
921	921	September 1, 1991. 754
922	922	Sec. 16. Section 12-642 of the general statutes is repealed and the 755
923	923	following is substituted in lieu thereof (Effective from passage): 756
924	924	Raised Bill No. 7410
925	925
926	926
927	927
928	928	LCO No. 6787 26 of 88
929	929
930	930	(a) (1) With respect to calendar years commencing prior to January 757
931	931	1, 2001, the tax imposed by section 12-640, as amended by this act, for 758
932	932	the calendar year shall be at a rate of the taxable gifts made by the 759
933	933	donor during the calendar year set forth in the following schedule: 760
934	934	T1 Amount of Taxable Gifts Rate of Tax
935	935	T2 Not over $25,000 1%
936	936	T3 Over $25,000 $250, plus 2% of the excess
937	937	T4 but not over $50,000 over $25,000
938	938	T5 Over $50,000 $750, plus 3% of the excess
939	939	T6 but not over $75,000 over $50,000
940	940	T7 Over $75,000 $1,500, plus 4% of the excess
941	941	T8 but not over $100,000 over $75,000
942	942	T9 Over $100,000 $2,500, plus 5% of the excess
943	943	T10 but not over $200,000 over $100,000
944	944	T11 Over $200,000 $7,500, plus 6% of the excess
945	945	T12 over $200,000
946	946
947	947	(2) With respect to the calendar years commencing January 1, 2001, 761
948	948	January 1, 2002, January 1, 2003, and January 1, 2004, the tax imposed 762
949	949	by section 12-640, as amended by this act, for each such calendar year 763
950	950	shall be at a rate of the taxable gifts made by the donor during the 764
951	951	calendar year set forth in the following schedule: 765
952	952	T13 Amount of Taxable Gifts Rate of Tax
953	953	T14 Over $25,000 $250, plus 2% of the excess
954	954	T15 but not over $50,000 over $25,000
955	955	T16 Over $50,000 $750, plus 3% of the excess
956	956	T17 but not over $75,000 over $50,000
957	957	T18 Over $75,000 $1,500, plus 4% of the excess
958	958	T19 but not over $100,000 over $75,000
959	959	T20 Over $100,000 $2,500, plus 5% of the excess
960	960	T21 but not over $675,000 over $100,000
961	961	T22 Over $675,000 $31,250, plus 6% of the excess
962	962	Raised Bill No. 7410
963	963
964	964
965	965
966	966	LCO No. 6787 27 of 88
967	967
968	968	T23 over $675,000
969	969
970	970	(3) With respect to Connecticut taxable gifts, as defined in section 766
971	971	12-643, as amended by this act, made by a donor during a calendar 767
972	972	year commencing on or after January 1, 2005, but prior to January 1, 768
973	973	2010, including the aggregate amount of all Connecticut taxable gifts 769
974	974	made by the donor during all calendar years commencing on or after 770
975	975	January 1, 2005, but prior to January 1, 2010, the tax imposed by 771
976	976	section 12-640, as amended by this act, for the calendar year shall be at 772
977	977	the rate set forth in the following schedule, with a credit allowed 773
978	978	against such tax for any tax previously paid to this state pursuant to 774
979	979	this subdivision: 775
980	980	T24 Amount of Taxable Gifts Rate of Tax
981	981	T25 Not over $2,000,000 None
982	982	T26 Over $2,000,000
983	983	T27 but not over $2,100,000 5.085% of the excess over $0
984	984	T28 Over $2,100,000 $106,800 plus 8% of the excess
985	985	T29 but not over $2,600,000 over $2,100,000
986	986	T30 Over $2,600,000 $146,800 plus 8.8% of the excess
987	987	T31 but not over $3,100,000 over $2,600,000
988	988	T32 Over $3,100,000 $190,800 plus 9.6% of the excess
989	989	T33 but not over $3,600,000 over $3,100,000
990	990	T34 Over $3,600,000 $238,800 plus 10.4% of the excess
991	991	T35 but not over $4,100,000 over $3,600,000
992	992	T36 Over $4,100,000 $290,800 plus 11.2% of the excess
993	993	T37 but not over $5,100,000 over $4,100,000
994	994	T38 Over $5,100,000 $402,800 plus 12% of the excess
995	995	T39 but not over $6,100,000 over $5,100,000
996	996	T40 Over $6,100,000 $522,800 plus 12.8% of the excess
997	997	T41 but not over $7,100,000 over $6,100,000
998	998	T42 Over $7,100,000 $650,800 plus 13.6% of the excess
999	999	T43 but not over $8,100,000 over $7,100,000
1000	1000	T44 Over $8,100,000 $786,800 plus 14.4% of the excess
1001	1001	Raised Bill No. 7410
1002	1002
1003	1003
1004	1004
1005	1005	LCO No. 6787 28 of 88
1006	1006
1007	1007	T45 but not over $9,100,000 over $8,100,000
1008	1008	T46 Over $9,100,000 $930,800 plus 15.2% of the excess
1009	1009	T47 but not over $10,100,000 over $9,100,000
1010	1010	T48 Over $10,100,000 $1,082,800 plus 16% of the excess
1011	1011	T49 over $10,100,000
1012	1012
1013	1013	(4) With respect to Connecticut taxable gifts, as defined in section 776
1014	1014	12-643, as amended by this act, made by a donor during a calendar 777
1015	1015	year commencing on or after January 1, 2010, but prior to January 1, 778
1016	1016	2011, including the aggregate amount of all Connecticut taxable gifts 779
1017	1017	made by the donor during all calendar years commencing on or after 780
1018	1018	January 1, 2005, the tax imposed by section 12-640, as amended by this 781
1019	1019	act, for the calendar year shall be at the rate set forth in the following 782
1020	1020	schedule, with a credit allowed against such tax for any tax previously 783
1021	1021	paid to this state pursuant to this subdivision or pursuant to 784
1022	1022	subdivision (3) of this subsection, provided such credit shall not 785
1023	1023	exceed the amount of tax imposed by this section: 786
1024	1024	T50 Amount of Taxable Gifts Rate of Tax
1025	1025	T51 Not over $3,500,000 None
1026	1026	T52 Over $3,500,000 7.2% of the excess
1027	1027	T53 but not over $3,600,000 over $3,500,000
1028	1028	T54 Over $3,600,000 $7,200 plus 7.8% of the excess
1029	1029	T55 but not over $4,100,000 over $3,600,000
1030	1030	T56 Over $4,100,000 $46,200 plus 8.4% of the excess
1031	1031	T57 but not over $5,100,000 over $4,100,000
1032	1032	T58 Over $5,100,000 $130,200 plus 9.0% of the excess
1033	1033	T59 but not over $6,100,000 over $5,100,000
1034	1034	T60 Over $6,100,000 $220,200 plus 9.6% of the excess
1035	1035	T61 but not over $7,100,000 over $6,100,000
1036	1036	T62 Over $7,100,000 $316,200 plus 10.2% of the excess
1037	1037	T63 but not over $8,100,000 over $7,100,000
1038	1038	T64 Over $8,100,000 $418,200 plus 10.8% of the excess
1039	1039	T65 but not over $9,100,000 over $8,100,000
1040	1040	Raised Bill No. 7410
1041	1041
1042	1042
1043	1043
1044	1044	LCO No. 6787 29 of 88
1045	1045
1046	1046	T66 Over $9,100,000 $526,200 plus 11.4% of the excess
1047	1047	T67 but not over $10,100,000 over $9,100,000
1048	1048	T68 Over $10,100,000 $640,200 plus 12% of the excess
1049	1049	T69 over $10,100,000
1050	1050
1051	1051	(5) With respect to Connecticut taxable gifts, as defined in section 787
1052	1052	12-643, as amended by this act, made by a donor during a calendar 788
1053	1053	year commencing on or after January 1, 2011, but prior to January 1, 789
1054	1054	2018, including the aggregate amount of all Connecticut taxable gifts 790
1055	1055	made by the donor during all calendar years commencing on or after 791
1056	1056	January 1, 2005, the tax imposed by section 12-640, as amended by this 792
1057	1057	act, for the calendar year shall be at the rate set forth in the following 793
1058	1058	schedule, with a credit allowed against such tax for any tax previously 794
1059	1059	paid to this state pursuant to this subdivision or pursuant to 795
1060	1060	subdivision (3) or (4) of this subsection, provided such credit shall not 796
1061	1061	exceed the amount of tax imposed by this section: 797
1062	1062	T70
1063	1063	Amount of Taxable Gifts Rate of Tax
1064	1064	T71 Not over $2,000,000 None
1065	1065	T72 Over $2,000,000 7.2% of the excess
1066	1066	T73 but not over $3,600,000 over $2,000,000
1067	1067	T74 Over $3,600,000 $115,200 plus 7.8% of the excess
1068	1068	T75 but not over $4,100,000 over $3,600,000
1069	1069	T76 Over $4,100,000 $154,200 plus 8.4% of the excess
1070	1070	T77 but not over $5,100,000 over $4,100,000
1071	1071	T78 Over $5,100,000 $238,200 plus 9.0% of the excess
1072	1072	T79 but not over $6,100,000 over $5,100,000
1073	1073	T80 Over $6,100,000 $328,200 plus 9.6% of the excess
1074	1074	T81 but not over $7,100,000 over $6,100,000
1075	1075	T82 Over $7,100,000 $424,200 plus 10.2% of the excess
1076	1076	T83 but not over $8,100,000 over $7,100,000
1077	1077	T84 Over $8,100,000 $526,200 plus 10.8% of the excess
1078	1078	T85 but not over $9,100,000 over $8,100,000
1079	1079	T86 Over $9,100,000 $634,200 plus 11.4% of the excess
1080	1080	Raised Bill No. 7410
1081	1081
1082	1082
1083	1083
1084	1084	LCO No. 6787 30 of 88
1085	1085
1086	1086	T87 but not over $10,100,000 over $9,100,000
1087	1087	T88 Over $10,100,000 $748,200 plus 12% of the excess
1088	1088	T89 over $10,100,000
1089	1089
1090	1090	(6) With respect to Connecticut taxable gifts, as defined in section 798
1091	1091	12-643, as amended by this act, made by a donor during a calendar 799
1092	1092	year commencing on or after January 1, 2018, but prior to January 1, 800
1093	1093	2019, including the aggregate amount of all Connecticut taxable gifts 801
1094	1094	made by the donor during all calendar years commencing on or after 802
1095	1095	January 1, 2005, the tax imposed by section 12-640, as amended by this 803
1096	1096	act, for the calendar year shall be at the rate set forth in the following 804
1097	1097	schedule, with a credit allowed against such tax for any tax previously 805
1098	1098	paid to this state pursuant to this subdivision or pursuant to 806
1099	1099	subdivision (3), (4) or (5) of this subsection, provided such credit shall 807
1100	1100	not exceed the amount of tax imposed by this section: 808
1101	1101	T90
1102	1102	Amount of Taxable Gifts Rate of Tax
1103	1103	T91 Not over $2,600,000 None
1104	1104	T92 Over $2,600,000 7.2% of the excess
1105	1105	T93 but not over $3,600,000 over $2,600,000
1106	1106	T94 Over $3,600,000 $72,000 plus 7.8% of the excess
1107	1107	T95 but not over $4,100,000 over $3,600,000
1108	1108	T96 Over $4,100,000 $111,000 plus 8.4% of the excess
1109	1109	T97 but not over $5,100,000 over $4,100,000
1110	1110	T98 Over $5,100,000 $195,000 plus 10% of the excess
1111	1111	T99 but not over $6,100,000 over $5,100,000
1112	1112	T100 Over $6,100,000 $295,000 plus 10.4% of the excess
1113	1113	T101 but not over $7,100,000 over $6,100,000
1114	1114	T102 Over $7,100,000 $399,000 plus 10.8% of the excess
1115	1115	T103 but not over $8,100,000 over $7,100,000
1116	1116	T104 Over $8,100,000 $507,000 plus 11.2% of the excess
1117	1117	T105 but not over $9,100,000 over $8,100,000
1118	1118	T106 Over $9,100,000 $619,000 plus 11.6% of the excess
1119	1119	T107 but not over $10,100,000 over $9,100,000
1120	1120	Raised Bill No. 7410
1121	1121
1122	1122
1123	1123
1124	1124	LCO No. 6787 31 of 88
1125	1125
1126	1126	T108 Over $10,100,000 $735,000 plus 12% of the excess
1127	1127	T109 over $10,100,000
1128	1128
1129	1129	[(7) With respect to Connecticut taxable gifts, as defined in section 809
1130	1130	12-643, made by a donor during a calendar year commencing on or 810
1131	1131	after January 1, 2019, but prior to January 1, 2020, including the 811
1132	1132	aggregate amount of all Connecticut taxable gifts made by the donor 812
1133	1133	during all calendar years commencing on or after January 1, 2005, the 813
1134	1134	tax imposed by section 12-640 for the calendar year shall be at the rate 814
1135	1135	set forth in the following schedule, with a credit allowed against such 815
1136	1136	tax for any tax previously paid to this state pursuant to this 816
1137	1137	subdivision or pursuant to subdivision (3), (4), (5) or (6) of this 817
1138	1138	subsection, provided such credit shall not exceed the amount of tax 818
1139	1139	imposed by this section: 819
1140	1140	T110
1141	1141	Amount of Taxable Gifts Rate of Tax
1142	1142	T111 Not over $3,600,000 None
1143	1143	T112 Over $3,600,000 7.8% of the excess
1144	1144	T113 but not over $4,100,000 over $3,600,000
1145	1145	T114 Over $4,100,000 $39,000 plus 8.4% of the excess
1146	1146	T115 but not over $5,100,000 over $4,100,000
1147	1147	T116 Over $5,100,000 $123,000 plus 10% of the excess
1148	1148	T117 but not over $6,100,000 over $5,100,000
1149	1149	T118 Over $6,100,000 $223,000 plus 10.4% of the excess
1150	1150	T119 but not over $7,100,000 over $6,100,000
1151	1151	T120 Over $7,100,000 $327,000 plus 10.8% of the excess
1152	1152	T121 but not over $8,100,000 over $7,100,000
1153	1153	T122 Over $8,100,000 $435,000 plus 11.2% of the excess
1154	1154	T123 but not over $9,100,000 over $8,100,000
1155	1155	T124 Over $9,100,000 $547,000 plus 11.6% of the excess
1156	1156	T125 but not over $10,100,000 over $9,100,000
1157	1157	T126 Over $10,100,000 $663,000 plus 12% of the excess
1158	1158	T127 over $10,100,000
1159	1159
1160	1160	Raised Bill No. 7410
1161	1161
1162	1162
1163	1163
1164	1164	LCO No. 6787 32 of 88
1165	1165
1166	1166	(8) With respect to Connecticut taxable gifts, as defined in section 820
1167	1167	12-643, made by a donor during a calendar year commencing on or 821
1168	1168	after January 1, 2020, but prior to January 1, 2021, including the 822
1169	1169	aggregate amount of all Connecticut taxable gifts made by the donor 823
1170	1170	during all calendar years commencing on or after January 1, 2005, the 824
1171	1171	tax imposed by section 12-640 for the calendar year shall be at the rate 825
1172	1172	set forth in the following schedule, with a credit allowed against such 826
1173	1173	tax for any tax previously paid to this state pursuant to this 827
1174	1174	subdivision or pursuant to subdivision (3), (4), (5), (6) or (7) of this 828
1175	1175	subsection, provided such credit shall not exceed the amount of tax 829
1176	1176	imposed by this section: 830
1177	1177	T128 Amount of Taxable Gifts Rate of Tax
1178	1178	T129 Not over $5,100,000 None
1179	1179	T130 Over $5,100,000 10% of the excess
1180	1180	T131 but not over $6,100,000 over $5,100,000
1181	1181	T132 Over $6,100,000 $100,000 plus 10.4% of the excess
1182	1182	T133 but not over $7,100,000 over $6,100,000
1183	1183	T134 Over $7,100,000 $204,000 plus 10.8% of the excess
1184	1184	T135 but not over $8,100,000 over $7,100,000
1185	1185	T136 Over $8,100,000 $312,000 plus 11.2% of the excess
1186	1186	T137 but not over $9,100,000 over $8,100,000
1187	1187	T138 Over $9,100,000 $424,000 plus 11.6% of the excess
1188	1188	T139 but not over $10,100,000 over $9,100,000
1189	1189	T140 Over $10,100,000 $540,000 plus 12% of the excess
1190	1190	T141 over $10,100,000
1191	1191
1192	1192	(9) With respect to Connecticut taxable gifts, as defined in section 831
1193	1193	12-643, made by a donor during a calendar year commencing on or 832
1194	1194	after January 1, 2021, but prior to January 1, 2022, including the 833
1195	1195	aggregate amount of all Connecticut taxable gifts made by the donor 834
1196	1196	during all calendar years commencing on or after January 1, 2005, the 835
1197	1197	tax imposed by section 12-640 for the calendar year shall be at the rate 836
1198	1198	set forth in the following schedule, with a credit allowed against such 837
1199	1199	tax for any tax previously paid to this state pursuant to this 838
1200	1200	Raised Bill No. 7410
1201	1201
1202	1202
1203	1203
1204	1204	LCO No. 6787 33 of 88
1205	1205
1206	1206	subdivision or pursuant to subdivision (3), (4), (5), (6), (7) or (8) of this 839
1207	1207	subsection, provided such credit shall not exceed the amount of tax 840
1208	1208	imposed by this section: 841
1209	1209	T142 Amount of Taxable Gifts Rate of Tax
1210	1210	T143 Not over $7,100,000 None
1211	1211	T144 Over $7,100,000 10.8% of the excess
1212	1212	T145 but not over $8,100,000 over $7,100,000
1213	1213	T146 Over $8,100,000 $108,000 plus 11.2% of the excess
1214	1214	T147 but not over $9,100,000 over $8,100,000
1215	1215	T148 Over $9,100,000 $220,000 plus 11.6% of the excess
1216	1216	T149 but not over $10,100,000 over $9,100,000
1217	1217	T150 Over $10,100,000 $336,000 plus 12% of the excess
1218	1218	T151 over $10,100,000
1219	1219
1220	1220	(10) With respect to Connecticut taxable gifts, as defined in section 842
1221	1221	12-643, made by a donor during a calendar year commencing on or 843
1222	1222	after January 1, 2022, but prior to January 1, 2023, including the 844
1223	1223	aggregate amount of all Connecticut taxable gifts made by the donor 845
1224	1224	during all calendar years commencing on or after January 1, 2005, the 846
1225	1225	tax imposed by section 12-640 for the calendar year shall be at the rate 847
1226	1226	set forth in the following schedule, with a credit allowed against such 848
1227	1227	tax for any tax previously paid to this state pursuant to this 849
1228	1228	subdivision or pursuant to subdivision (3), (4), (5), (6), (7), (8) or (9) of 850
1229	1229	this subsection, provided such credit shall not exceed the amount of 851
1230	1230	tax imposed by this section: 852
1231	1231	T152 Amount of Taxable Gifts Rate of Tax
1232	1232	T153 Not over $9,100,000 None
1233	1233	T154 Over $9,100,000 11.6% of the excess
1234	1234	T155 but not over $10,100,000 over $9,100,000
1235	1235	T156 Over $10,100,000 $116,000 plus 12% of the excess
1236	1236	T157 over $10,100,000
1237	1237
1238	1238	(11) With respect to Connecticut taxable gifts, as defined in section 853
1239	1239	Raised Bill No. 7410
1240	1240
1241	1241
1242	1242
1243	1243	LCO No. 6787 34 of 88
1244	1244
1245	1245	12-643, made by a donor during a calendar year commencing on or 854
1246	1246	after January 1, 2023, including the aggregate amount of all 855
1247	1247	Connecticut taxable gifts made by the donor during all calendar years 856
1248	1248	commencing on or after January 1, 2005, the tax imposed by section 12-857
1249	1249	640 for the calendar year shall be at the rate set forth in the following 858
1250	1250	schedule, with a credit allowed against such tax for any tax previously 859
1251	1251	paid to this state pursuant to this subdivision or pursuant to 860
1252	1252	subdivision (3), (4), (5), (6), (7), (8), (9) or (10) of this subsection, 861
1253	1253	provided such credit shall not exceed the amount of tax imposed by 862
1254	1254	this section: 863
1255	1255	T158 Amount of Taxable Gifts Rate of Tax
1256	1256	T159 Not over the None
1257	1257	T160 federal basic exclusion amount
1258	1258	T161 Over the 12% of the excess over the
1259	1259	T162 federal basic exclusion amount federal basic exclusion amount]
1260	1260
1261	1261	(b) The tax imposed by section 12-640, as amended by this act, shall 864
1262	1262	be paid by the donor. If the gift tax is not paid when due the donee of 865
1263	1263	any gift shall be personally liable for the tax to the extent of the value 866
1264	1264	of the gift. 867
1265	1265	(c) [(1)] With respect to Connecticut taxable gifts, as defined in 868
1266	1266	section 12-643, as amended by this act, made by a donor during a 869
1267	1267	calendar year commencing on or after January 1, 2016, but prior to 870
1268	1268	January 1, 2019, the aggregate amount of tax imposed by section 12-871
1269	1269	640, as amended by this act, for all calendar years commencing on or 872
1270	1270	after January 1, 2016, shall not exceed twenty million dollars. 873
1271	1271	[(2) With respect to Connecticut taxable gifts, as defined in section 874
1272	1272	12-643, made by a donor during a calendar year commencing on or 875
1273	1273	after January 1, 2019, the aggregate amount of tax imposed by section 876
1274	1274	12-640 for all calendar years commencing on or after January 1, 2016, 877
1275	1275	shall not exceed fifteen million dollars.] 878
1276	1276	Raised Bill No. 7410
1277	1277
1278	1278
1279	1279
1280	1280	LCO No. 6787 35 of 88
1281	1281
1282	1282	Sec. 17. Subdivision (3) of section 12-643 of the general statutes is 879
1283	1283	repealed and the following is substituted in lieu thereof (Effective from 880
1284	1284	passage and applicable to estates of decedents dying on or after January 1, 881
1285	1285	2019): 882
1286	1286	(3) "Connecticut taxable gifts" means taxable gifts made during a 883
1287	1287	calendar year commencing on or after January 1, 2005, but prior to 884
1288	1288	January 1, 2019, that are, (A) for residents of this state, taxable gifts, 885
1289	1289	wherever located, but excepting gifts of real estate or tangible personal 886
1290	1290	property located outside this state, and (B) for nonresidents of this 887
1291	1291	state, gifts of real estate or tangible personal property located within 888
1292	1292	this state. 889
1293	1293	Sec. 18. Section 12-391 of the general statutes is repealed and the 890
1294	1294	following is substituted in lieu thereof (Effective from passage and 891
1295	1295	applicable to decedents dying on or after January 1, 2019): 892
1296	1296	(a) With respect to estates of decedents who die prior to January 1, 893
1297	1297	2005, and except as otherwise provided in section 59 of public act 03-1 894
1298	1298	of the June 30 special session, a tax is imposed upon the transfer of the 895
1299	1299	estate of each person who at the time of death was a resident of this 896
1300	1300	state. The amount of the tax shall be the amount of the federal credit 897
1301	1301	allowable for estate, inheritance, legacy and succession taxes paid to 898
1302	1302	any state or the District of Columbia under the provisions of the 899
1303	1303	federal internal revenue code in force at the date of such decedent's 900
1304	1304	death in respect to any property owned by such decedent or subject to 901
1305	1305	such taxes as part of or in connection with the estate of such decedent. 902
1306	1306	If real or tangible personal property of such decedent is located outside 903
1307	1307	this state and is subject to estate, inheritance, legacy, or succession 904
1308	1308	taxes by any state or states, other than the state of Connecticut, or by 905
1309	1309	the District of Columbia for which such federal credit is allowable, the 906
1310	1310	amount of tax due under this section shall be reduced by the lesser of: 907
1311	1311	(1) The amount of any such taxes paid to such other state or states or 908
1312	1312	said district and allowed as a credit against the federal estate tax; or (2) 909
1313	1313	an amount computed by multiplying such federal credit by a fraction, 910
1314	1314	Raised Bill No. 7410
1315	1315
1316	1316
1317	1317
1318	1318	LCO No. 6787 36 of 88
1319	1319
1320	1320	(A) the numerator of which is the value of that part of the decedent's 911
1321	1321	gross estate over which such other state or states or said district have 912
1322	1322	jurisdiction for estate tax purposes to the same extent to which this 913
1323	1323	state would assert jurisdiction for estate tax purposes under this 914
1324	1324	chapter with respect to the residents of such other state or states or 915
1325	1325	said district, and (B) the denominator of which is the value of the 916
1326	1326	decedent's gross estate. Property of a resident estate over which this 917
1327	1327	state has jurisdiction for estate tax purposes includes real property 918
1328	1328	situated in this state, tangible personal property having an actual situs 919
1329	1329	in this state, and intangible personal property owned by the decedent, 920
1330	1330	regardless of where it is located. The amount of any estate tax imposed 921
1331	1331	under this subsection shall also be reduced, but not below zero, by the 922
1332	1332	amount of any tax that is imposed under chapter 216 and that is 923
1333	1333	actually paid to this state. 924
1334	1334	(b) With respect to the estates of decedents who die prior to January 925
1335	1335	1, 2005, and except as otherwise provided in section 59 of public act 03-926
1336	1336	1 of the June 30 special session, a tax is imposed upon the transfer of 927
1337	1337	the estate of each person who at the time of death was a nonresident of 928
1338	1338	this state, the amount of which shall be computed by multiplying (1) 929
1339	1339	the federal credit allowable for estate, inheritance, legacy, and 930
1340	1340	succession taxes paid to any state or states or the District of Columbia 931
1341	1341	under the provisions of the federal internal revenue code in force at the 932
1342	1342	date of such decedent's death in respect to any property owned by 933
1343	1343	such decedent or subject to such taxes as a part of or in connection 934
1344	1344	with the estate of such decedent by (2) a fraction, (A) the numerator of 935
1345	1345	which is the value of that part of the decedent's gross estate over which 936
1346	1346	this state has jurisdiction for estate tax purposes and (B) the 937
1347	1347	denominator of which is the value of the decedent's gross estate. 938
1348	1348	Property of a nonresident estate over which this state has jurisdiction 939
1349	1349	for estate tax purposes includes real property situated in this state and 940
1350	1350	tangible personal property having an actual situs in this state. The 941
1351	1351	amount of any estate tax imposed under this subsection shall also be 942
1352	1352	reduced, but not below zero, by the amount of any tax that is imposed 943
1353	1353	Raised Bill No. 7410
1354	1354
1355	1355
1356	1356
1357	1357	LCO No. 6787 37 of 88
1358	1358
1359	1359	under chapter 216 and that is actually paid to this state. 944
1360	1360	(c) For purposes of this section and section 12-392, as amended by 945
1361	1361	this act: 946
1362	1362	(1) (A) "Connecticut taxable estate" means, with respect to the 947
1363	1363	estates of decedents dying on or after January 1, 2005, but prior to 948
1364	1364	January 1, 2010, (i) the gross estate less allowable deductions, as 949
1365	1365	determined under Chapter 11 of the Internal Revenue Code, plus (ii) 950
1366	1366	the aggregate amount of all Connecticut taxable gifts, as defined in 951
1367	1367	section 12-643, as amended by this act, made by the decedent for all 952
1368	1368	calendar years beginning on or after January 1, 2005, but prior to 953
1369	1369	January 1, 2010. The deduction for state death taxes paid under Section 954
1370	1370	2058 of said code shall be disregarded. 955
1371	1371	(B) "Connecticut taxable estate" means, with respect to the estates of 956
1372	1372	decedents dying on or after January 1, 2010, but prior to January 1, 957
1373	1373	2015, (i) the gross estate less allowable deductions, as determined 958
1374	1374	under Chapter 11 of the Internal Revenue Code, plus (ii) the aggregate 959
1375	1375	amount of all Connecticut taxable gifts, as defined in section 12-643, as 960
1376	1376	amended by this act, made by the decedent for all calendar years 961
1377	1377	beginning on or after January 1, 2005. The deduction for state death 962
1378	1378	taxes paid under Section 2058 of said code shall be disregarded. 963
1379	1379	(C) "Connecticut taxable estate" means, with respect to the estates of 964
1380	1380	decedents dying on or after January 1, 2015, but prior to January 1, 965
1381	1381	2019, (i) the gross estate less allowable deductions, as determined 966
1382	1382	under Chapter 11 of the Internal Revenue Code, plus (ii) the aggregate 967
1383	1383	amount of all Connecticut taxable gifts, as defined in section 12-643, as 968
1384	1384	amended by this act, made by the decedent for all calendar years 969
1385	1385	beginning on or after January 1, 2005, other than Connecticut taxable 970
1386	1386	gifts that are includable in the gross estate for federal estate tax 971
1387	1387	purposes of the decedent, plus (iii) the amount of any tax paid to this 972
1388	1388	state pursuant to section 12-642, as amended by this act, by the 973
1389	1389	decedent or the decedent's estate on any gift made by the decedent or 974
1390	1390	Raised Bill No. 7410
1391	1391
1392	1392
1393	1393
1394	1394	LCO No. 6787 38 of 88
1395	1395
1396	1396	the decedent's spouse during the three-year period preceding the date 975
1397	1397	of the decedent's death. The deduction for state death taxes paid under 976
1398	1398	Section 2058 of the Internal Revenue Code shall be disregarded. 977
1399	1399	(2) "Internal Revenue Code" means the Internal Revenue Code of 978
1400	1400	1986, or any subsequent corresponding internal revenue code of the 979
1401	1401	United States, as amended from time to time, except in the event of 980
1402	1402	repeal of the federal estate tax, then all references to the Internal 981
1403	1403	Revenue Code in this section shall mean the Internal Revenue Code as 982
1404	1404	in force on the day prior to the effective date of such repeal. 983
1405	1405	(3) "Gross estate" means the gross estate, for federal estate tax 984
1406	1406	purposes. 985
1407	1407	(d) (1) (A) With respect to the estates of decedents who die on or 986
1408	1408	after January 1, 2005, but prior to January 1, 2010, a tax is imposed 987
1409	1409	upon the transfer of the estate of each person who at the time of death 988
1410	1410	was a resident of this state. The amount of the tax shall be determined 989
1411	1411	using the schedule in subsection (g) of this section. A credit shall be 990
1412	1412	allowed against such tax for any taxes paid to this state pursuant to 991
1413	1413	section 12-642, as amended by this act, for Connecticut taxable gifts 992
1414	1414	made on or after January 1, 2005, but prior to January 1, 2010. 993
1415	1415	(B) With respect to the estates of decedents who die on or after 994
1416	1416	January 1, 2010, but prior to January 1, 2015, a tax is imposed upon the 995
1417	1417	transfer of the estate of each person who at the time of death was a 996
1418	1418	resident of this state. The amount of the tax shall be determined using 997
1419	1419	the schedule in subsection (g) of this section. A credit shall be allowed 998
1420	1420	against such tax for any taxes paid to this state pursuant to section 12-999
1421	1421	642, as amended by this act, for Connecticut taxable gifts made on or 1000
1422	1422	after January 1, 2005, provided such credit shall not exceed the amount 1001
1423	1423	of tax imposed by this section. 1002
1424	1424	(C) With respect to the estates of decedents who die on or after 1003
1425	1425	January 1, 2015, but prior to January 1, 2016, a tax is imposed upon the 1004
1426	1426	transfer of the estate of each person who at the time of death was a 1005
1427	1427	Raised Bill No. 7410
1428	1428
1429	1429
1430	1430
1431	1431	LCO No. 6787 39 of 88
1432	1432
1433	1433	resident of this state. The amount of the tax shall be determined using 1006
1434	1434	the schedule in subsection (g) of this section. A credit shall be allowed 1007
1435	1435	against such tax for (i) any taxes paid to this state pursuant to section 1008
1436	1436	12-642, as amended by this act, by the decedent or the decedent's estate 1009
1437	1437	for Connecticut taxable gifts made on or after January 1, 2005, and (ii) 1010
1438	1438	any taxes paid by the decedent's spouse to this state pursuant to 1011
1439	1439	section 12-642, as amended by this act, for Connecticut taxable gifts 1012
1440	1440	made by the decedent on or after January 1, 2005, that are includable in 1013
1441	1441	the gross estate of the decedent, provided such credit shall not exceed 1014
1442	1442	the amount of tax imposed by this section. 1015
1443	1443	(D) With respect to the estates of decedents who die on or after 1016
1444	1444	January 1, 2016, but prior to January 1, 2019, a tax is imposed upon the 1017
1445	1445	transfer of the estate of each person who at the time of death was a 1018
1446	1446	resident of this state. The amount of the tax shall be determined using 1019
1447	1447	the schedule in subsection (g) of this section. A credit shall be allowed 1020
1448	1448	against such tax for (i) any taxes paid to this state pursuant to section 1021
1449	1449	12-642, as amended by this act, by the decedent or the decedent's estate 1022
1450	1450	for Connecticut taxable gifts made on or after January 1, 2005, and (ii) 1023
1451	1451	any taxes paid by the decedent's spouse to this state pursuant to 1024
1452	1452	section 12-642, as amended by this act, for Connecticut taxable gifts 1025
1453	1453	made by the decedent on or after January 1, 2005, that are includable in 1026
1454	1454	the gross estate of the decedent, provided such credit shall not exceed 1027
1455	1455	the amount of tax imposed by this section. In no event shall the 1028
1456	1456	amount of tax payable under this section exceed twenty million 1029
1457	1457	dollars. Such twenty-million-dollar limit shall be reduced by the 1030
1458	1458	amount of (I) any taxes paid to this state pursuant to section 12-642, as 1031
1459	1459	amended by this act, by the decedent or the decedent's estate for 1032
1460	1460	Connecticut taxable gifts made on or after January 1, 2016, and (II) any 1033
1461	1461	taxes paid by the decedent's spouse to this state pursuant to section 12-1034
1462	1462	642, as amended by this act, for Connecticut taxable gifts made by the 1035
1463	1463	decedent on or after January 1, 2016, that are includable in the gross 1036
1464	1464	estate of the decedent, but in no event shall the amount be reduced 1037
1465	1465	below zero. 1038
1466	1466	Raised Bill No. 7410
1467	1467
1468	1468
1469	1469
1470	1470	LCO No. 6787 40 of 88
1471	1471
1472	1472	[(E) With respect to the estates of decedents who die on or after 1039
1473	1473	January 1, 2019, a tax is imposed upon the transfer of the estate of each 1040
1474	1474	person who at the time of death was a resident of this state. The 1041
1475	1475	amount of the tax shall be determined using the schedule in subsection 1042
1476	1476	(g) of this section. A credit shall be allowed against such tax for (i) any 1043
1477	1477	taxes paid to this state pursuant to section 12-642 by the decedent or 1044
1478	1478	the decedent's estate for Connecticut taxable gifts made on or after 1045
1479	1479	January 1, 2005, and (ii) any taxes paid by the decedent's spouse to this 1046
1480	1480	state pursuant to section 12-642 for Connecticut taxable gifts made by 1047
1481	1481	the decedent on or after January 1, 2005, that are includable in the 1048
1482	1482	gross estate of the decedent, provided such credit shall not exceed the 1049
1483	1483	amount of tax imposed by this section. In no event shall the amount of 1050
1484	1484	tax payable under this section exceed fifteen million dollars. Such 1051
1485	1485	fifteen-million-dollar limit shall be reduced by the amount of (I) any 1052
1486	1486	taxes paid to this state pursuant to section 12-642 by the decedent or 1053
1487	1487	the decedent's estate for Connecticut taxable gifts made on or after 1054
1488	1488	January 1, 2016, and (II) any taxes paid by the decedent's spouse to this 1055
1489	1489	state pursuant to section 12-642 for Connecticut taxable gifts made by 1056
1490	1490	the decedent on or after January 1, 2016, that are includable in the 1057
1491	1491	gross estate of the decedent, but in no event shall the amount be 1058
1492	1492	reduced below zero.] 1059
1493	1493	(2) If real or tangible personal property of such decedent is located 1060
1494	1494	outside this state, the amount of tax due under this section shall be 1061
1495	1495	reduced by an amount computed by multiplying the tax otherwise due 1062
1496	1496	pursuant to subdivision (1) of this subsection, without regard to the 1063
1497	1497	credit allowed for any taxes paid to this state pursuant to section 12-1064
1498	1498	642, as amended by this act, by a fraction, (A) the numerator of which 1065
1499	1499	is the value of that part of the decedent's gross estate attributable to 1066
1500	1500	real or tangible personal property located outside of the state, and (B) 1067
1501	1501	the denominator of which is the value of the decedent's gross estate. 1068
1502	1502	(3) For a resident estate, the state shall have the power to levy the 1069
1503	1503	estate tax upon real property situated in this state, tangible personal 1070
1504	1504	property having an actual situs in this state and intangible personal 1071
1505	1505	Raised Bill No. 7410
1506	1506
1507	1507
1508	1508
1509	1509	LCO No. 6787 41 of 88
1510	1510
1511	1511	property included in the gross estate of the decedent, regardless of 1072
1512	1512	where it is located. The state is permitted to calculate the estate tax and 1073
1513	1513	levy said tax to the fullest extent permitted by the Constitution of the 1074
1514	1514	United States. 1075
1515	1515	(e) (1) (A) With respect to the estates of decedents who die on or 1076
1516	1516	after January 1, 2005, but prior to January 1, 2010, a tax is imposed 1077
1517	1517	upon the transfer of the estate of each person who at the time of death 1078
1518	1518	was a nonresident of this state. The amount of such tax shall be 1079
1519	1519	computed by multiplying (i) the amount of tax determined using the 1080
1520	1520	schedule in subsection (g) of this section by (ii) a fraction, the 1081
1521	1521	numerator of which is the value of that part of the decedent's gross 1082
1522	1522	estate over which this state has jurisdiction for estate tax purposes, and 1083
1523	1523	the denominator of which is the value of the decedent's gross estate. A 1084
1524	1524	credit shall be allowed against such tax for any taxes paid to this state 1085
1525	1525	pursuant to section 12-642, as amended by this act, for Connecticut 1086
1526	1526	taxable gifts made on or after January 1, 2005, but prior to January 1, 1087
1527	1527	2010. 1088
1528	1528	(B) With respect to the estates of decedents who die on or after 1089
1529	1529	January 1, 2010, but prior to January 1, 2016, a tax is imposed upon the 1090
1530	1530	transfer of the estate of each person who at the time of death was a 1091
1531	1531	nonresident of this state. The amount of such tax shall be computed by 1092
1532	1532	multiplying (i) the amount of tax determined using the schedule in 1093
1533	1533	subsection (g) of this section by (ii) a fraction, the numerator of which 1094
1534	1534	is the value of that part of the decedent's gross estate over which this 1095
1535	1535	state has jurisdiction for estate tax purposes, and the denominator of 1096
1536	1536	which is the value of the decedent's gross estate. A credit shall be 1097
1537	1537	allowed against such tax for any taxes paid to this state pursuant to 1098
1538	1538	section 12-642, as amended by this act, for Connecticut taxable gifts 1099
1539	1539	made on or after January 1, 2005, provided such credit shall not exceed 1100
1540	1540	the amount of tax imposed by this section. 1101
1541	1541	(C) With respect to the estates of decedents who die on or after 1102
1542	1542	January 1, 2016, but prior to January 1, 2019, a tax is imposed upon the 1103
1543	1543	Raised Bill No. 7410
1544	1544
1545	1545
1546	1546
1547	1547	LCO No. 6787 42 of 88
1548	1548
1549	1549	transfer of the estate of each person who at the time of death was a 1104
1550	1550	nonresident of this state. The amount of such tax shall be computed by 1105
1551	1551	multiplying (i) the amount of tax determined using the schedule in 1106
1552	1552	subsection (g) of this section by (ii) a fraction, the numerator of which 1107
1553	1553	is the value of that part of the decedent's gross estate over which this 1108
1554	1554	state has jurisdiction for estate tax purposes, and the denominator of 1109
1555	1555	which is the value of the decedent's gross estate. A credit shall be 1110
1556	1556	allowed against such tax for any taxes paid to this state pursuant to 1111
1557	1557	section 12-642, as amended by this act, for Connecticut taxable gifts 1112
1558	1558	made on or after January 1, 2005, provided such credit shall not exceed 1113
1559	1559	the amount of tax imposed by this section. In no event shall the 1114
1560	1560	amount of tax payable under this section exceed twenty million 1115
1561	1561	dollars. Such twenty-million-dollar limit shall be reduced by the 1116
1562	1562	amount of (I) any taxes paid to this state pursuant to section 12-642, as 1117
1563	1563	amended by this act, by the decedent or the decedent's estate for 1118
1564	1564	Connecticut taxable gifts made on or after January 1, 2016, and (II) any 1119
1565	1565	taxes paid by the decedent's spouse to this state pursuant to section 12-1120
1566	1566	642, as amended by this act, for Connecticut taxable gifts made by the 1121
1567	1567	decedent on or after January 1, 2016, that are includable in the gross 1122
1568	1568	estate of the decedent, but in no event shall the amount be reduced 1123
1569	1569	below zero. 1124
1570	1570	[(D) With respect to the estates of decedents who die on or after 1125
1571	1571	January 1, 2019, a tax is imposed upon the transfer of the estate of each 1126
1572	1572	person who at the time of death was a nonresident of this state. The 1127
1573	1573	amount of such tax shall be computed by multiplying the amount of 1128
1574	1574	tax determined using the schedule in subsection (g) of this section by a 1129
1575	1575	fraction, the numerator of which is the value of that part of the 1130
1576	1576	decedent's gross estate over which this state has jurisdiction for estate 1131
1577	1577	tax purposes, and the denominator of which is the value of the 1132
1578	1578	decedent's gross estate. A credit shall be allowed against such tax for 1133
1579	1579	(i) any taxes paid to this state pursuant to section 12-642 by the 1134
1580	1580	decedent or the decedent's estate for Connecticut taxable gifts made on 1135
1581	1581	or after January 1, 2005, and (ii) any taxes paid by the decedent's 1136
1582	1582	Raised Bill No. 7410
1583	1583
1584	1584
1585	1585
1586	1586	LCO No. 6787 43 of 88
1587	1587
1588	1588	spouse to this state pursuant to section 12-642 for Connecticut taxable 1137
1589	1589	gifts made by the decedent on or after January 1, 2005, that are 1138
1590	1590	includable in the gross estate of the decedent, provided such credit 1139
1591	1591	shall not exceed the amount of tax imposed by this section. In no event 1140
1592	1592	shall the amount of tax payable under this section exceed fifteen 1141
1593	1593	million dollars. Such fifteen-million-dollar limit shall be reduced by 1142
1594	1594	the amount of (I) any taxes paid to this state pursuant to section 12-642 1143
1595	1595	by the decedent or the decedent's estate for Connecticut taxable gifts 1144
1596	1596	made on or after January 1, 2016, and (II) any taxes paid by the 1145
1597	1597	decedent's spouse to this state pursuant to section 12-642 for 1146
1598	1598	Connecticut taxable gifts made by the decedent on or after January 1, 1147
1599	1599	2016, that are includable in the gross estate of the decedent, but in no 1148
1600	1600	event shall the amount be reduced below zero.] 1149
1601	1601	(2) For a nonresident estate, the state shall have the power to levy 1150
1602	1602	the estate tax upon all real property situated in this state and tangible 1151
1603	1603	personal property having an actual situs in this state. The state is 1152
1604	1604	permitted to calculate the estate tax and levy said tax to the fullest 1153
1605	1605	extent permitted by the Constitution of the United States. 1154
1606	1606	(f) (1) For purposes of the tax imposed under this section, the value 1155
1607	1607	of the Connecticut taxable estate shall be determined taking into 1156
1608	1608	account all of the deductions available under the Internal Revenue 1157
1609	1609	Code of 1986, specifically including, but not limited to, the deduction 1158
1610	1610	available under Section 2056(b)(7) of said code for a qualifying income 1159
1611	1611	interest for life in a surviving spouse. 1160
1612	1612	(2) An election under said Section 2056(b)(7) may be made for state 1161
1613	1613	estate tax purposes regardless of whether any such election is made for 1162
1614	1614	federal estate tax purposes. The value of the gross estate shall include 1163
1615	1615	the value of any property in which the decedent had a qualifying 1164
1616	1616	income interest for life for which an election was made under this 1165
1617	1617	subsection. 1166
1618	1618	(g) (1) With respect to the estates of decedents dying on or after 1167
1619	1619	Raised Bill No. 7410
1620	1620
1621	1621
1622	1622
1623	1623	LCO No. 6787 44 of 88
1624	1624
1625	1625	January 1, 2005, but prior to January 1, 2010, the tax based on the 1168
1626	1626	Connecticut taxable estate shall be as provided in the following 1169
1627	1627	schedule: 1170
1628	1628	T163 Amount of Connecticut
1629	1629	T164 Taxable Estate Rate of Tax
1630	1630	T165 Not over $2,000,000 None
1631	1631	T166 Over $2,000,000
1632	1632	T167 but not over $2,100,000 5.085% of the excess over $0
1633	1633	T168 Over $2,100,000 $106,800 plus 8% of the excess
1634	1634	T169 but not over $2,600,000 over $2,100,000
1635	1635	T170 Over $2,600,000 $146,800 plus 8.8% of the excess
1636	1636	T171 but not over $3,100,000 over $2,600,000
1637	1637	T172 Over $3,100,000 $190,800 plus 9.6% of the excess
1638	1638	T173 but not over $3,600,000 over $3,100,000
1639	1639	T174 Over $3,600,000 $238,800 plus 10.4% of the excess
1640	1640	T175 but not over $4,100,000 over $3,600,000
1641	1641	T176 Over $4,100,000 $290,800 plus 11.2% of the excess
1642	1642	T177 but not over $5,100,000 over $4,100,000
1643	1643	T178 Over $5,100,000 $402,800 plus 12% of the excess
1644	1644	T179 but not over $6,100,000 over $5,100,000
1645	1645	T180 Over $6,100,000 $522,800 plus 12.8% of the excess
1646	1646	T181 but not over $7,100,000 over $6,100,000
1647	1647	T182 Over $7,100,000 $650,800 plus 13.6% of the excess
1648	1648	T183 but not over $8,100,000 over $7,100,000
1649	1649	T184 Over $8,100,000 $786,800 plus 14.4% of the excess
1650	1650	T185 but not over $9,100,000 over $8,100,000
1651	1651	T186 Over $9,100,000 $930,800 plus 15.2% of the excess
1652	1652	T187 but not over $10,100,000 over $9,100,000
1653	1653	T188 Over $10,100,000 $1,082,800 plus 16% of the excess
1654	1654	T189 over $10,100,000
1655	1655
1656	1656	(2) With respect to the estates of decedents dying on or after January 1171
1657	1657	1, 2010, but prior to January 1, 2011, the tax based on the Connecticut 1172
1658	1658	Raised Bill No. 7410
1659	1659
1660	1660
1661	1661
1662	1662	LCO No. 6787 45 of 88
1663	1663
1664	1664	taxable estate shall be as provided in the following schedule: 1173
1665	1665	T190 Amount of Connecticut
1666	1666	T191 Taxable Estate Rate of Tax
1667	1667	T192 Not over $3,500,000 None
1668	1668	T193 Over $3,500,000 7.2% of the excess
1669	1669	T194 but not over $3,600,000 over $3,500,000
1670	1670	T195 Over $3,600,000 $7,200 plus 7.8% of the excess
1671	1671	T196 but not over $4,100,000 over $3,600,000
1672	1672	T197 Over $4,100,000 $46,200 plus 8.4% of the excess
1673	1673	T198 but not over $5,100,000 over $4,100,000
1674	1674	T199 Over $5,100,000 $130,200 plus 9.0% of the excess
1675	1675	T200 but not over $6,100,000 over $5,100,000
1676	1676	T201 Over $6,100,000 $220,200 plus 9.6% of the excess
1677	1677	T202 but not over $7,100,000 over $6,100,000
1678	1678	T203 Over $7,100,000 $316,200 plus 10.2% of the excess
1679	1679	T204 but not over $8,100,000 over $7,100,000
1680	1680	T205 Over $8,100,000 $418,200 plus 10.8% of the excess
1681	1681	T206 but not over $9,100,000 over $8,100,000
1682	1682	T207 Over $9,100,000 $526,200 plus 11.4% of the excess
1683	1683	T208 but not over $10,100,000 over $9,100,000
1684	1684	T209 Over $10,100,000 $640,200 plus 12% of the excess
1685	1685	T210 over $10,100,000
1686	1686
1687	1687	(3) With respect to the estates of decedents dying on or after January 1174
1688	1688	1, 2011, but prior to January 1, 2018, the tax based on the Connecticut 1175
1689	1689	taxable estate shall be as provided in the following schedule: 1176
1690	1690	T211 Amount of Connecticut
1691	1691	T212 Taxable Estate Rate of Tax
1692	1692	T213 Not over $2,000,000 None
1693	1693	T214 Over $2,000,000 7.2% of the excess
1694	1694	T215 but not over $3,600,000 over $2,000,000
1695	1695	T216 Over $3,600,000 $115,200 plus 7.8% of the excess
1696	1696	Raised Bill No. 7410
1697	1697
1698	1698
1699	1699
1700	1700	LCO No. 6787 46 of 88
1701	1701
1702	1702	T217 but not over $4,100,000 over $3,600,000
1703	1703	T218 Over $4,100,000 $154,200 plus 8.4% of the excess
1704	1704	T219 but not over $5,100,000 over $4,100,000
1705	1705	T220 Over $5,100,000 $238,200 plus 9.0% of the excess
1706	1706	T221 but not over $6,100,000 over $5,100,000
1707	1707	T222 Over $6,100,000 $328,200 plus 9.6% of the excess
1708	1708	T223 but not over $7,100,000 over $6,100,000
1709	1709	T224 Over $7,100,000 $424,200 plus 10.2% of the excess
1710	1710	T225 but not over $8,100,000 over $7,100,000
1711	1711	T226 Over $8,100,000 $526,200 plus 10.8% of the excess
1712	1712	T227 but not over $9,100,000 over $8,100,000
1713	1713	T228 Over $9,100,000 $634,200 plus 11.4% of the excess
1714	1714	T229 but not over $10,100,000 over $9,100,000
1715	1715	T230 Over $10,100,000 $748,200 plus 12% of the excess
1716	1716	T231 over $10,100,000
1717	1717
1718	1718	(4) With respect to the estates of decedents dying on or after January 1177
1719	1719	1, 2018, but prior to January 1, 2019, the tax based on the Connecticut 1178
1720	1720	taxable estate shall be as provided in the following schedule: 1179
1721	1721	T232 Amount of Connecticut
1722	1722	T233 Taxable Estate Rate of Tax
1723	1723	T234 Not over $2,600,000 None
1724	1724	T235 Over $2,600,000 7.2% of the excess
1725	1725	T236 but not over $3,600,000 over $2,600,000
1726	1726	T237 Over $3,600,000 $72,000 plus 7.8% of the excess
1727	1727	T238 but not over $4,100,000 over $3,600,000
1728	1728	T239 Over $4,100,000 $111,000 plus 8.4% of the excess
1729	1729	T240 but not over $5,100,000 over $4,100,000
1730	1730	T241 Over $5,100,000 $195,000 plus 10% of the excess
1731	1731	T242 but not over $6,100,000 over $5,100,000
1732	1732	T243 Over $6,100,000 $295,000 plus 10.4% of the excess
1733	1733	T244 but not over $7,100,000 over $6,100,000
1734	1734	T245 Over $7,100,000 $399,000 plus 10.8% of the excess
1735	1735	Raised Bill No. 7410
1736	1736
1737	1737
1738	1738
1739	1739	LCO No. 6787 47 of 88
1740	1740
1741	1741	T246 but not over $8,100,000 over $7,100,000
1742	1742	T247 Over $8,100,000 $507,000 plus 11.2% of the excess
1743	1743	T248 but not over $9,100,000 over $8,100,000
1744	1744	T249 Over $9,100,000 $619,000 plus 11.6% of the excess
1745	1745	T250 but not over $10,100,000 over $9,100,000
1746	1746	T251 Over $10,100,000 $735,000 plus 12% of the excess
1747	1747	T252 over $10,100,000
1748	1748
1749	1749	[(5) With respect to the estates of decedents dying on or after 1180
1750	1750	January 1, 2019, but prior to January 1, 2020, the tax based on the 1181
1751	1751	Connecticut taxable estate shall be as provided in the following 1182
1752	1752	schedule: 1183
1753	1753	T253 Amount of Connecticut
1754	1754	T254 Taxable Estate Rate of Tax
1755	1755	T255 Not over $3,600,000 None
1756	1756	T256 Over $3,600,000 7.8% of the excess
1757	1757	T257 but not over $4,100,000 over $3,600,000
1758	1758	T258 Over $4,100,000 $39,000 plus 8.4% of the excess
1759	1759	T259 but not over $5,100,000 over $4,100,000
1760	1760	T260 Over $5,100,000 $123,000 plus 10% of the excess
1761	1761	T261 but not over $6,100,000 over $5,100,000
1762	1762	T262 Over $6,100,000 $223,000 plus 10.4% of the excess
1763	1763	T263 but not over $7,100,000 over $6,100,000
1764	1764	T264 Over $7,100,000 $327,000 plus 10.8% of the excess
1765	1765	T265 but not over $8,100,000 over $7,100,000
1766	1766	T266 Over $8,100,000 $435,000 plus 11.2% of the excess
1767	1767	T267 but not over $9,100,000 over $8,100,000
1768	1768	T268 Over $9,100,000 $547,000 plus 11.6% of the excess
1769	1769	T269 but not over $10,100,000 over $9,100,000
1770	1770	T270 Over $10,100,000 $663,000 plus 12% of the excess
1771	1771	T271 over $10,100,000
1772	1772
1773	1773	(6) With respect to the estates of decedents dying on or after January 1184
1774	1774	Raised Bill No. 7410
1775	1775
1776	1776
1777	1777
1778	1778	LCO No. 6787 48 of 88
1779	1779
1780	1780	1, 2020, but prior to January 1, 2021, the tax based on the Connecticut 1185
1781	1781	taxable estate shall be as provided in the following schedule: 1186
1782	1782	T272 Amount of Connecticut
1783	1783	T273 Taxable Estate Rate of Tax
1784	1784	T274 Not over $5,100,000 None
1785	1785	T275 Over $5,100,000 10% of the excess
1786	1786	T276 but not over $6,100,000 over $5,100,000
1787	1787	T277 Over $6,100,000 $100,000 plus 10.4% of the excess
1788	1788	T278 but not over $7,100,000 over $6,100,000
1789	1789	T279 Over $7,100,000 $204,000 plus 10.8% of the excess
1790	1790	T280 but not over $8,100,000 over $7,100,000
1791	1791	T281 Over $8,100,000 $312,000 plus 11.2% of the excess
1792	1792	T282 but not over $9,100,000 over $8,100,000
1793	1793	T283 Over $9,100,000 $424,000 plus 11.6% of the excess
1794	1794	T284 but not over $10,100,000 over $9,100,000
1795	1795	T285 Over $10,100,000 $540,000 plus 12% of the excess
1796	1796	T286 over $10,100,000
1797	1797
1798	1798	(7) With respect to the estates of decedents dying on or after January 1187
1799	1799	1, 2021, but prior to January 1, 2022, the tax based on the Connecticut 1188
1800	1800	taxable estate shall be as provided in the following schedule: 1189
1801	1801	T287 Amount of Connecticut
1802	1802	T288 Taxable Estate Rate of Tax
1803	1803	T289 Not over $7,100,000 None
1804	1804	T290 Over $7,100,000 10.8% of the excess
1805	1805	T291 but not over $8,100,000 over $7,100,000
1806	1806	T292 Over $8,100,000 $108,000 plus 11.2% of the excess
1807	1807	T293 but not over $9,100,000 over $8,100,000
1808	1808	T294 Over $9,100,000 $220,000 plus 11.6% of the excess
1809	1809	T295 but not over $10,100,000 over $9,100,000
1810	1810	T296 Over $10,100,000 $336,000 plus 12% of the excess
1811	1811	T297 over $10,100,000
1812	1812	Raised Bill No. 7410
1813	1813
1814	1814
1815	1815
1816	1816	LCO No. 6787 49 of 88
1817	1817
1818	1818
1819	1819	(8) With respect to the estates of decedents dying on or after January 1190
1820	1820	1, 2022, but prior to January 1, 2023, the tax based on the Connecticut 1191
1821	1821	taxable estate shall be as provided in the following schedule: 1192
1822	1822	T298 Amount of Connecticut
1823	1823	T299 Taxable Estate Rate of Tax
1824	1824	T300 Not over $9,100,000 None
1825	1825	T301 Over $9,100,000 11.6% of the excess
1826	1826	T302 but not over $10,100,000 over $9,100,000
1827	1827	T303 Over $10,100,000 $116,000 plus 12% of the excess
1828	1828	T304 over $10,100,000
1829	1829
1830	1830	(9) With respect to the estates of decedents dying on or after January 1193
1831	1831	1, 2023, the tax based on the Connecticut taxable estate shall be as 1194
1832	1832	provided in the following schedule: 1195
1833	1833	T305 Amount of Connecticut
1834	1834	T306 Taxable Estate Rate of Tax
1835	1835	T307 Not over the None
1836	1836	T308 federal basic exclusion amount
1837	1837	T309 Over the 12% of the excess over the
1838	1838	T310 federal basic exclusion amount federal basic exclusion amount]
1839	1839
1840	1840	(h) (1) For the purposes of this chapter, each decedent shall be 1196
1841	1841	presumed to have died a resident of this state. The burden of proof in 1197
1842	1842	an estate tax proceeding shall be upon any decedent's estate claiming 1198
1843	1843	exemption by reason of the decedent's alleged nonresidency. 1199
1844	1844	(2) Any person required to make and file a tax return under this 1200
1845	1845	chapter, believing that the decedent died a nonresident of this state, 1201
1846	1846	may file a request for determination of domicile in writing with the 1202
1847	1847	Commissioner of Revenue Services, stating the specific grounds upon 1203
1848	1848	which the request is founded provided (A) such person has filed such 1204
1849	1849	return, (B) at least two hundred seventy days, but no more than three 1205
1850	1850	Raised Bill No. 7410
1851	1851
1852	1852
1853	1853
1854	1854	LCO No. 6787 50 of 88
1855	1855
1856	1856	years, has elapsed since the due date of such return or, if an 1206
1857	1857	application for extension of time to file such return has been granted, 1207
1858	1858	the extended due date of such return, (C) such person has not been 1208
1859	1859	notified, in writing, by said commissioner that a written agreement of 1209
1860	1860	compromise with the taxing authorities of another jurisdiction, under 1210
1861	1861	section 12-395a, is being negotiated, and (D) the commissioner has not 1211
1862	1862	previously determined whether the decedent died a resident of this 1212
1863	1863	state. Not later than one hundred eighty days following receipt of such 1213
1864	1864	request for determination, the commissioner shall determine whether 1214
1865	1865	such decedent died a resident or a nonresident of this state. If the 1215
1866	1866	commissioner commences negotiations over a written agreement of 1216
1867	1867	compromise with the taxing authorities of another jurisdiction after a 1217
1868	1868	request for determination of domicile is filed, the one-hundred-eighty-1218
1869	1869	day period shall be tolled for the duration of such negotiations. When, 1219
1870	1870	before the expiration of such one-hundred-eighty-day period, both the 1220
1871	1871	commissioner and the person required to make and file a tax return 1221
1872	1872	under this chapter have consented in writing to the making of such 1222
1873	1873	determination after such time, the determination may be made at any 1223
1874	1874	time prior to the expiration of the period agreed upon. The period so 1224
1875	1875	agreed upon may be extended by subsequent agreements in writing 1225
1876	1876	made before the expiration of the period previously agreed upon. The 1226
1877	1877	commissioner shall mail notice of his proposed determination to the 1227
1878	1878	person required to make and file a tax return under this chapter. Such 1228
1879	1879	notice shall set forth briefly the commissioner's findings of fact and the 1229
1880	1880	basis of such proposed determination. Sixty days after the date on 1230
1881	1881	which it is mailed, a notice of proposed determination shall constitute 1231
1882	1882	a final determination unless the person required to make and file a tax 1232
1883	1883	return under this chapter has filed, as provided in subdivision (3) of 1233
1884	1884	this subsection, a written protest with the Commissioner of Revenue 1234
1885	1885	Services. 1235
1886	1886	(3) On or before the sixtieth day after mailing of the proposed 1236
1887	1887	determination, the person required to make and file a tax return under 1237
1888	1888	this chapter may file with the commissioner a written protest against 1238
1889	1889	Raised Bill No. 7410
1890	1890
1891	1891
1892	1892
1893	1893	LCO No. 6787 51 of 88
1894	1894
1895	1895	the proposed determination in which such person shall set forth the 1239
1896	1896	grounds on which the protest is based. If such a protest is filed, the 1240
1897	1897	commissioner shall reconsider the proposed determination and, if the 1241
1898	1898	person required to make and file a tax return under this chapter has so 1242
1899	1899	requested, may grant or deny such person or the authorized 1243
1900	1900	representatives of such person an oral hearing. 1244
1901	1901	(4) Notice of the commissioner's determination shall be mailed to 1245
1902	1902	the person required to make and file a tax return under this chapter 1246
1903	1903	and such notice shall set forth briefly the commissioner's findings of 1247
1904	1904	fact and the basis of decision in each case decided adversely to such 1248
1905	1905	person. 1249
1906	1906	(5) The action of the commissioner on a written protest shall be final 1250
1907	1907	upon the expiration of one month from the date on which he mails 1251
1908	1908	notice of his action to the person required to make and file a tax return 1252
1909	1909	under this chapter unless within such period such person seeks review 1253
1910	1910	of the commissioner's determination pursuant to subsection (b) of 1254
1911	1911	section 12-395. 1255
1912	1912	(6) Nothing in this subsection shall be construed to relieve any 1256
1913	1913	person filing a request for determination of domicile of the obligation 1257
1914	1914	to pay the correct amount of tax on or before the due date of the tax. 1258
1915	1915	(i) The tax calculated pursuant to the provisions of this section shall 1259
1916	1916	be reduced in an amount equal to half of the amount invested by a 1260
1917	1917	decedent in a private investment fund or fund of funds pursuant to 1261
1918	1918	subdivision (43) of section 32-39, provided (1) any such reduction shall 1262
1919	1919	not exceed five million dollars for any such decedent, (2) any such 1263
1920	1920	amount invested by the decedent shall have been invested in such 1264
1921	1921	fund or fund of funds for ten years or more, and (3) the aggregate 1265
1922	1922	amount of all taxes reduced under this subsection shall not exceed 1266
1923	1923	thirty million dollars. 1267
1924	1924	Sec. 19. Section 12-392 of the general statutes is repealed and the 1268
1925	1925	following is substituted in lieu thereof (Effective from passage and 1269
1926	1926	Raised Bill No. 7410
1927	1927
1928	1928
1929	1929
1930	1930	LCO No. 6787 52 of 88
1931	1931
1932	1932	applicable to decedents dying on or after January 1, 2019): 1270
1933	1933	(a) (1) For the estates of decedents dying prior to July 1, 2009, the tax 1271
1934	1934	imposed by this chapter shall become due at the date of the taxable 1272
1935	1935	transfer and shall become payable, and shall be paid, without 1273
1936	1936	assessment, notice or demand, to the Commissioner of Revenue 1274
1937	1937	Services at the expiration of nine months from the date of death. For 1275
1938	1938	the estates of decedents dying on or after July 1, 2009, but prior to 1276
1939	1939	January 1, 2019, the tax imposed by this chapter shall become due at 1277
1940	1940	the date of the taxable transfer and shall become payable and shall be 1278
1941	1941	paid, without assessment, notice or demand, to the commissioner at 1279
1942	1942	the expiration of six months from the date of death. Executors, 1280
1943	1943	administrators, trustees, grantees, donees, beneficiaries and surviving 1281
1944	1944	joint owners shall be liable for the tax and for any interest or penalty 1282
1945	1945	thereon until it is paid, notwithstanding any provision of chapter 802b, 1283
1946	1946	except that no executor, administrator, trustee, grantee, donee, 1284
1947	1947	beneficiary or surviving joint owner shall be liable for a greater sum 1285
1948	1948	than the value of the property actually received by him or her. If the 1286
1949	1949	amount of tax reported to be due on the return is not paid, for the 1287
1950	1950	estates of decedents dying prior to July 1, 2009, within such nine 1288
1951	1951	months, or for the estates of decedents dying on or after July 1, 2009, 1289
1952	1952	but prior to January 1, 2019, within such six months, there shall be 1290
1953	1953	imposed a penalty equal to ten per cent of such amount due and 1291
1954	1954	unpaid, or fifty dollars, whichever is greater. Such amount shall bear 1292
1955	1955	interest at the rate of one per cent per month or fraction thereof from 1293
1956	1956	the due date of such tax until the date of payment. Subject to the 1294
1957	1957	provisions of section 12-3a, the commissioner may waive all or part of 1295
1958	1958	the penalties provided under this chapter when it is proven to the 1296
1959	1959	commissioner's satisfaction that the failure to pay any tax was due to 1297
1960	1960	reasonable cause and was not intentional or due to neglect. 1298
1961	1961	(2) The Commissioner of Revenue Services may, for reasonable 1299
1962	1962	cause shown, extend the time for payment. The commissioner may 1300
1963	1963	require the filing of a tentative return and the payment of the tax 1301
1964	1964	reported to be due thereon in connection with such extension. Any 1302
1965	1965	Raised Bill No. 7410
1966	1966
1967	1967
1968	1968
1969	1969	LCO No. 6787 53 of 88
1970	1970
1971	1971	additional tax which may be found to be due on the filing of a return 1303
1972	1972	as allowed by such extension shall bear interest at the rate of one per 1304
1973	1973	cent per month or fraction thereof from the original due date of such 1305
1974	1974	tax to the date of actual payment. 1306
1975	1975	(3) (A) Whenever there is a claimed overpayment of the tax imposed 1307
1976	1976	by this chapter, the Commissioner of Revenue Services shall return to 1308
1977	1977	the fiduciary or transferee the overpayment [which] that shall bear 1309
1978	1978	interest at the rate of two-thirds of one per cent per month or fraction 1310
1979	1979	thereof, such interest commencing, for the estates of decedents dying 1311
1980	1980	prior to July 1, 2009, from the expiration of nine months after the death 1312
1981	1981	of the transferor or date of payment, whichever is later, or, for the 1313
1982	1982	estates of decedents dying on or after July 1, 2009, but prior to January 1314
1983	1983	1, 2019, from the expiration of six months after the death of the 1315
1984	1984	transferor or date of payment, whichever is later, as provided in 1316
1985	1985	subparagraphs (B) and (C) of this subdivision. 1317
1986	1986	(B) In case of such overpayment pursuant to a tax return, no interest 1318
1987	1987	shall be allowed or paid under this subdivision on such overpayment 1319
1988	1988	for any month or fraction thereof prior to (i) the ninety-first day after 1320
1989	1989	the last day prescribed for filing the tax return associated with such 1321
1990	1990	overpayment, determined without regard to any extension of time for 1322
1991	1991	filing, or (ii) the ninety-first day after the date such return was filed, 1323
1992	1992	whichever is later. 1324
1993	1993	(C) In case of such overpayment pursuant to an amended tax return, 1325
1994	1994	no interest shall be allowed or paid under this subdivision on such 1326
1995	1995	overpayment for any month or fraction thereof prior to the ninety-first 1327
1996	1996	day after the date such amended tax return was filed. 1328
1997	1997	(b) (1) The tax imposed by this chapter shall be reported on a tax 1329
1998	1998	return which shall be filed on or before the date fixed for paying the 1330
1999	1999	tax, determined without regard to any extension of time for paying the 1331
2000	2000	tax. The commissioner shall design a form of return and forms for such 1332
2001	2001	additional statements or schedules as the commissioner may require to 1333
2002	2002	Raised Bill No. 7410
2003	2003
2004	2004
2005	2005
2006	2006	LCO No. 6787 54 of 88
2007	2007
2008	2008	be filed. Such forms shall provide for the setting forth of such facts as 1334
2009	2009	the commissioner deems necessary for the proper enforcement of this 1335
2010	2010	chapter. The commissioner shall furnish appropriate forms to each 1336
2011	2011	taxpayer upon application or otherwise as the commissioner deems 1337
2012	2012	necessary. Failure to receive a form shall not relieve any person from 1338
2013	2013	the obligation to file a return under the provisions of this chapter. In 1339
2014	2014	any case in which the commissioner believes that it would be 1340
2015	2015	advantageous to him or her in the administration of the tax imposed 1341
2016	2016	by this chapter, the commissioner may require that a true copy of the 1342
2017	2017	federal estate tax return made to the Internal Revenue Service be 1343
2018	2018	provided. 1344
2019	2019	(2) Any tax return or other document, including any amended tax 1345
2020	2020	return under section 12-398, that is required to be filed under this 1346
2021	2021	chapter shall be filed, and shall be treated as filed, only if filed with (A) 1347
2022	2022	the Commissioner of Revenue Services, if required under subdivision 1348
2023	2023	(3) of this subsection, and (B) (i) the court of probate for the district 1349
2024	2024	within which the decedent resided at the date of his or her death, or, 1350
2025	2025	(ii) if the decedent died a nonresident of this state, in the court of 1351
2026	2026	probate for the district within which real estate or tangible personal 1352
2027	2027	property of the decedent is situated. The return shall contain a 1353
2028	2028	statement, to be signed under penalty of false statement by the person 1354
2029	2029	who is required to make and file the return under this chapter, that the 1355
2030	2030	return has been filed with the Commissioner of Revenue Services, if 1356
2031	2031	required under subdivision (3) of this subsection, and the appropriate 1357
2032	2032	court of probate. 1358
2033	2033	(3) (A) A tax return shall be filed, in the case of every decedent who 1359
2034	2034	died prior to January 1, 2005, and at the time of death was (i) a resident 1360
2035	2035	of this state, or (ii) a nonresident of this state whose gross estate 1361
2036	2036	includes any real property situated in this state or tangible personal 1362
2037	2037	property having an actual situs in this state, whenever the personal 1363
2038	2038	representative of the estate is required by the laws of the United States 1364
2039	2039	to file a federal estate tax return. 1365
2040	2040	Raised Bill No. 7410
2041	2041
2042	2042
2043	2043
2044	2044	LCO No. 6787 55 of 88
2045	2045
2046	2046	(B) A tax return shall be filed, in the case of every decedent who dies 1366
2047	2047	on or after January 1, 2005, but prior to January 1, 2010, and at the time 1367
2048	2048	of death was (i) a resident of this state, or (ii) a nonresident of this state 1368
2049	2049	whose gross estate includes any real property situated in this state or 1369
2050	2050	tangible personal property having an actual situs in this state. If the 1370
2051	2051	decedent's Connecticut taxable estate is over two million dollars, such 1371
2052	2052	tax return shall be filed with the Commissioner of Revenue Services 1372
2053	2053	and a copy of such return shall be filed with the court of probate for 1373
2054	2054	the district within which the decedent resided at the date of his or her 1374
2055	2055	death or, if the decedent died a nonresident of this state, the court of 1375
2056	2056	probate for the district within which such real property or tangible 1376
2057	2057	personal property is situated. If the decedent's Connecticut taxable 1377
2058	2058	estate is two million dollars or less, such return shall be filed with the 1378
2059	2059	court of probate for the district within which the decedent resided at 1379
2060	2060	the date of his or her death or, if the decedent died a nonresident of 1380
2061	2061	this state, the court of probate for the district within which such real 1381
2062	2062	property or tangible personal property is situated, and no such return 1382
2063	2063	shall be filed with the Commissioner of Revenue Services. The judge of 1383
2064	2064	probate for the district in which such return is filed shall review each 1384
2065	2065	such return and shall issue a written opinion to the estate 1385
2066	2066	representative in each case in which the judge determines that the 1386
2067	2067	estate is not subject to tax under this chapter. 1387
2068	2068	(C) A tax return shall be filed, in the case of every decedent who 1388
2069	2069	dies on or after January 1, 2010, but prior to January 1, 2011, and at the 1389
2070	2070	time of death was (i) a resident of this state, or (ii) a nonresident of this 1390
2071	2071	state whose gross estate includes any real property situated in this 1391
2072	2072	state or tangible personal property having an actual situs in this state. 1392
2073	2073	If the decedent's Connecticut taxable estate is over three million five 1393
2074	2074	hundred thousand dollars, such tax return shall be filed with the 1394
2075	2075	Commissioner of Revenue Services and a copy of such return shall be 1395
2076	2076	filed with the court of probate for the district within which the 1396
2077	2077	decedent resided at the date of his or her death or, if the decedent died 1397
2078	2078	a nonresident of this state, the court of probate for the district within 1398
2079	2079	Raised Bill No. 7410
2080	2080
2081	2081
2082	2082
2083	2083	LCO No. 6787 56 of 88
2084	2084
2085	2085	which such real property or tangible personal property is situated. If 1399
2086	2086	the decedent's Connecticut taxable estate is three million five hundred 1400
2087	2087	thousand dollars or less, such return shall be filed with the court of 1401
2088	2088	probate for the district within which the decedent resided at the date 1402
2089	2089	of his or her death or, if the decedent died a nonresident of this state, 1403
2090	2090	the court of probate for the district within which such real property or 1404
2091	2091	tangible personal property is situated, and no such return shall be filed 1405
2092	2092	with the Commissioner of Revenue Services. The judge of probate for 1406
2093	2093	the district in which such return is filed shall review each such return 1407
2094	2094	and shall issue a written opinion to the estate representative in each 1408
2095	2095	case in which the judge determines that the estate is not subject to tax 1409
2096	2096	under this chapter. 1410
2097	2097	(D) A tax return shall be filed, in the case of every decedent who 1411
2098	2098	dies on or after January 1, 2011, but prior to January 1, 2018, and at the 1412
2099	2099	time of death was (i) a resident of this state, or (ii) a nonresident of this 1413
2100	2100	state whose gross estate includes any real property situated in this 1414
2101	2101	state or tangible personal property having an actual situs in this state. 1415
2102	2102	If the decedent's Connecticut taxable estate is over two million dollars, 1416
2103	2103	such tax return shall be filed with the Commissioner of Revenue 1417
2104	2104	Services and a copy of such return shall be filed with the court of 1418
2105	2105	probate for the district within which the decedent resided at the date 1419
2106	2106	of his or her death or, if the decedent died a nonresident of this state, 1420
2107	2107	the court of probate for the district within which such real property or 1421
2108	2108	tangible personal property is situated. If the decedent's Connecticut 1422
2109	2109	taxable estate is two million dollars or less, such return shall be filed 1423
2110	2110	with the court of probate for the district within which the decedent 1424
2111	2111	resided at the date of his or her death or, if the decedent died a 1425
2112	2112	nonresident of this state, the court of probate for the district within 1426
2113	2113	which such real property or tangible personal property is situated, and 1427
2114	2114	no such return shall be filed with the Commissioner of Revenue 1428
2115	2115	Services. The judge of probate for the district in which such return is 1429
2116	2116	filed shall review each such return and shall issue a written opinion to 1430
2117	2117	the estate representative in each case in which the judge determines 1431
2118	2118	Raised Bill No. 7410
2119	2119
2120	2120
2121	2121
2122	2122	LCO No. 6787 57 of 88
2123	2123
2124	2124	that the estate is not subject to tax under this chapter. 1432
2125	2125	(E) A tax return shall be filed, in the case of every decedent who dies 1433
2126	2126	on or after January 1, 2018, but prior to January 1, 2019, and at the time 1434
2127	2127	of death was (i) a resident of this state, or (ii) a nonresident of this state 1435
2128	2128	whose gross estate includes any real property situated in this state or 1436
2129	2129	tangible personal property having an actual situs in this state. If the 1437
2130	2130	decedent's Connecticut taxable estate is over two million six hundred 1438
2131	2131	thousand dollars, such tax return shall be filed with the Commissioner 1439
2132	2132	of Revenue Services and a copy of such return shall be filed with the 1440
2133	2133	court of probate for the district within which the decedent resided at 1441
2134	2134	the date of his or her death or, if the decedent died a nonresident of 1442
2135	2135	this state, the court of probate for the district within which such real 1443
2136	2136	property or tangible personal property is situated. If the decedent's 1444
2137	2137	Connecticut taxable estate is two million six hundred thousand dollars 1445
2138	2138	or less, such return shall be filed with the court of probate for the 1446
2139	2139	district within which the decedent resided at the date of his or her 1447
2140	2140	death or, if the decedent died a nonresident of this state, the court of 1448
2141	2141	probate for the district within which such real property or tangible 1449
2142	2142	personal property is situated, and no such return shall be filed with the 1450
2143	2143	Commissioner of Revenue Services. The judge of probate for the 1451
2144	2144	district in which such return is filed shall review each such return and 1452
2145	2145	shall issue a written opinion to the estate representative in each case in 1453
2146	2146	which the judge determines that the estate is not subject to tax under 1454
2147	2147	this chapter. 1455
2148	2148	[(F) A tax return shall be filed, in the case of every decedent who 1456
2149	2149	dies on or after January 1, 2019, but prior to January 1, 2020, and at the 1457
2150	2150	time of death was (i) a resident of this state, or (ii) a nonresident of this 1458
2151	2151	state whose gross estate includes any real property situated in this 1459
2152	2152	state or tangible personal property having an actual situs in this state. 1460
2153	2153	If the decedent's Connecticut taxable estate is over three million six 1461
2154	2154	hundred thousand dollars, such tax return shall be filed with the 1462
2155	2155	Commissioner of Revenue Services and a copy of such return shall be 1463
2156	2156	filed with the court of probate for the district within which the 1464
2157	2157	Raised Bill No. 7410
2158	2158
2159	2159
2160	2160
2161	2161	LCO No. 6787 58 of 88
2162	2162
2163	2163	decedent resided at the date of his or her death or, if the decedent died 1465
2164	2164	a nonresident of this state, the court of probate for the district within 1466
2165	2165	which such real property or tangible personal property is situated. If 1467
2166	2166	the decedent's Connecticut taxable estate is three million six hundred 1468
2167	2167	thousand dollars or less, such return shall be filed with the court of 1469
2168	2168	probate for the district within which the decedent resided at the date 1470
2169	2169	of his or her death or, if the decedent died a nonresident of this state, 1471
2170	2170	the court of probate for the district within which such real property or 1472
2171	2171	tangible personal property is situated, and no such return shall be filed 1473
2172	2172	with the Commissioner of Revenue Services. The judge of probate for 1474
2173	2173	the district in which such return is filed shall review each such return 1475
2174	2174	and shall issue a written opinion to the estate representative in each 1476
2175	2175	case in which the judge determines that the estate is not subject to tax 1477
2176	2176	under this chapter. 1478
2177	2177	(G) A tax return shall be filed, in the case of every decedent who 1479
2178	2178	dies on or after January 1, 2020, but prior to January 1, 2021, and at the 1480
2179	2179	time of death was (i) a resident of this state, or (ii) a nonresident of this 1481
2180	2180	state whose gross estate includes any real property situated in this 1482
2181	2181	state or tangible personal property having an actual situs in this state. 1483
2182	2182	If the decedent's Connecticut taxable estate is over five million one 1484
2183	2183	hundred thousand dollars, such tax return shall be filed with the 1485
2184	2184	Commissioner of Revenue Services and a copy of such return shall be 1486
2185	2185	filed with the court of probate for the district within which the 1487
2186	2186	decedent resided at the date of his or her death or, if the decedent died 1488
2187	2187	a nonresident of this state, the court of probate for the district within 1489
2188	2188	which such real property or tangible personal property is situated. If 1490
2189	2189	the decedent's Connecticut taxable estate is five million one hundred 1491
2190	2190	thousand dollars or less, such return shall be filed with the court of 1492
2191	2191	probate for the district within which the decedent resided at the date 1493
2192	2192	of his or her death or, if the decedent died a nonresident of this state, 1494
2193	2193	the court of probate for the district within which such real property or 1495
2194	2194	tangible personal property is situated, and no such return shall be filed 1496
2195	2195	with the Commissioner of Revenue Services. The judge of probate for 1497
2196	2196	Raised Bill No. 7410
2197	2197
2198	2198
2199	2199
2200	2200	LCO No. 6787 59 of 88
2201	2201
2202	2202	the district in which such return is filed shall review each such return 1498
2203	2203	and shall issue a written opinion to the estate representative in each 1499
2204	2204	case in which the judge determines that the estate is not subject to tax 1500
2205	2205	under this chapter. 1501
2206	2206	(H) A tax return shall be filed, in the case of every decedent who 1502
2207	2207	dies on or after January 1, 2021, but prior to January 1, 2022, and at the 1503
2208	2208	time of death was (i) a resident of this state, or (ii) a nonresident of this 1504
2209	2209	state whose gross estate includes any real property situated in this 1505
2210	2210	state or tangible personal property having an actual situs in this state. 1506
2211	2211	If the decedent's Connecticut taxable estate is over seven million one 1507
2212	2212	hundred thousand dollars, such tax return shall be filed with the 1508
2213	2213	Commissioner of Revenue Services and a copy of such return shall be 1509
2214	2214	filed with the court of probate for the district within which the 1510
2215	2215	decedent resided at the date of his or her death or, if the decedent died 1511
2216	2216	a nonresident of this state, the court of probate for the district within 1512
2217	2217	which such real property or tangible personal property is situated. If 1513
2218	2218	the decedent's Connecticut taxable estate is seven million one hundred 1514
2219	2219	thousand dollars or less, such return shall be filed with the court of 1515
2220	2220	probate for the district within which the decedent resided at the date 1516
2221	2221	of his or her death or, if the decedent died a nonresident of this state, 1517
2222	2222	the court of probate for the district within which such real property or 1518
2223	2223	tangible personal property is situated, and no such return shall be filed 1519
2224	2224	with the Commissioner of Revenue Services. The judge of probate for 1520
2225	2225	the district in which such return is filed shall review each such return 1521
2226	2226	and shall issue a written opinion to the estate representative in each 1522
2227	2227	case in which the judge determines that the estate is not subject to tax 1523
2228	2228	under this chapter. 1524
2229	2229	(I) A tax return shall be filed, in the case of every decedent who dies 1525
2230	2230	on or after January 1, 2022, but prior to January 1, 2023, and at the time 1526
2231	2231	of death was (i) a resident of this state, or (ii) a nonresident of this state 1527
2232	2232	whose gross estate includes any real property situated in this state or 1528
2233	2233	tangible personal property having an actual situs in this state. If the 1529
2234	2234	decedent's Connecticut taxable estate is over nine million one hundred 1530
2235	2235	Raised Bill No. 7410
2236	2236
2237	2237
2238	2238
2239	2239	LCO No. 6787 60 of 88
2240	2240
2241	2241	thousand dollars, such tax return shall be filed with the Commissioner 1531
2242	2242	of Revenue Services and a copy of such return shall be filed with the 1532
2243	2243	court of probate for the district within which the decedent resided at 1533
2244	2244	the date of his or her death or, if the decedent died a nonresident of 1534
2245	2245	this state, the court of probate for the district within which such real 1535
2246	2246	property or tangible personal property is situated. If the decedent's 1536
2247	2247	Connecticut taxable estate is nine million one hundred thousand 1537
2248	2248	dollars or less, such return shall be filed with the court of probate for 1538
2249	2249	the district within which the decedent resided at the date of his or her 1539
2250	2250	death or, if the decedent died a nonresident of this state, the court of 1540
2251	2251	probate for the district within which such real property or tangible 1541
2252	2252	personal property is situated, and no such return shall be filed with the 1542
2253	2253	Commissioner of Revenue Services. The judge of probate for the 1543
2254	2254	district in which such return is filed shall review each such return and 1544
2255	2255	shall issue a written opinion to the estate representative in each case in 1545
2256	2256	which the judge determines that the estate is not subject to tax under 1546
2257	2257	this chapter. 1547
2258	2258	(J) A tax return shall be filed, in the case of every decedent who dies 1548
2259	2259	on or after January 1, 2023, and at the time of death was (i) a resident 1549
2260	2260	of this state, or (ii) a nonresident of this state whose gross estate 1550
2261	2261	includes any real property situated in this state or tangible personal 1551
2262	2262	property having an actual situs in this state. If the decedent's 1552
2263	2263	Connecticut taxable estate is over five million four hundred ninety 1553
2264	2264	thousand dollars, such tax return shall be filed with the Commissioner 1554
2265	2265	of Revenue Services and a copy of such return shall be filed with the 1555
2266	2266	court of probate for the district within which the decedent resided at 1556
2267	2267	the date of his or her death or, if the decedent died a nonresident of 1557
2268	2268	this state, the court of probate for the district within which such real 1558
2269	2269	property or tangible personal property is situated. If the decedent's 1559
2270	2270	Connecticut taxable estate is equal to or less than five million four 1560
2271	2271	hundred ninety thousand dollars, such return shall be filed with the 1561
2272	2272	court of probate for the district within which the decedent resided at 1562
2273	2273	the date of his or her death or, if the decedent died a nonresident of 1563
2274	2274	Raised Bill No. 7410
2275	2275
2276	2276
2277	2277
2278	2278	LCO No. 6787 61 of 88
2279	2279
2280	2280	this state, the court of probate for the district within which such real 1564
2281	2281	property or tangible personal property is situated, and no such return 1565
2282	2282	shall be filed with the Commissioner of Revenue Services. The judge of 1566
2283	2283	probate for the district in which such return is filed shall review each 1567
2284	2284	such return and shall issue a written opinion to the estate 1568
2285	2285	representative in each case in which the judge determines that the 1569
2286	2286	estate is not subject to tax under this chapter.] 1570
2287	2287	(4) The duly authorized executor or administrator shall file the 1571
2288	2288	return. If there is more than one executor or administrator, the return 1572
2289	2289	shall be made jointly by all. If there is no executor or administrator 1573
2290	2290	appointed, qualified and acting, each person in actual or constructive 1574
2291	2291	possession of any property of the decedent is constituted an executor 1575
2292	2292	for purposes of the tax and shall make and file a return. If in any case 1576
2293	2293	the executor is unable to make a complete return as to any part of the 1577
2294	2294	gross estate, the executor shall provide all the information available to 1578
2295	2295	him or her with respect to such property, including a full description, 1579
2296	2296	and the name of every person holding a legal or beneficial interest in 1580
2297	2297	the property. If the executor is unable to make a return as to any 1581
2298	2298	property, each person holding a legal or equitable interest in such 1582
2299	2299	property shall, upon notice from the commissioner, make a return as to 1583
2300	2300	that part of the gross estate. 1584
2301	2301	(5) On or before the last day of the month next succeeding each 1585
2302	2302	calendar quarter, and commencing with the calendar quarter ending 1586
2303	2303	September 30, 2005, each court of probate shall file with the 1587
2304	2304	commissioner a report for the calendar quarter in such form as the 1588
2305	2305	commissioner may prescribe. The report shall pertain to returns filed 1589
2306	2306	with the court of probate during the calendar quarter. 1590
2307	2307	(6) The Commissioner of Revenue Services may, for reasonable 1591
2308	2308	cause shown, extend the time for filing the return. 1592
2309	2309	(7) If any person required to make and file the tax return under this 1593
2310	2310	chapter fails to file the return within the time prescribed, the 1594
2311	2311	Raised Bill No. 7410
2312	2312
2313	2313
2314	2314
2315	2315	LCO No. 6787 62 of 88
2316	2316
2317	2317	commissioner may assess and compute the tax upon the best 1595
2318	2318	information obtainable. To the tax imposed upon the basis of such 1596
2319	2319	return, there shall be added an amount equal to ten per cent of such 1597
2320	2320	tax or fifty dollars, whichever is greater. The tax shall bear interest at 1598
2321	2321	the rate of one per cent per month or fraction thereof from the due date 1599
2322	2322	of such tax until the date of payment. 1600
2323	2323	(8) The commissioner shall provide notice of any (A) deficiency 1601
2324	2324	assessment with respect to the payment of any tax under this chapter, 1602
2325	2325	(B) assessment with respect to any failure to make and file a return 1603
2326	2326	under this chapter by a person required to file, and (C) tax return or 1604
2327	2327	other document, including any amended tax return under section 12-1605
2328	2328	398 that is required to be filed under this chapter to the court of 1606
2329	2329	probate for the district within which the commissioner contends that 1607
2330	2330	the decedent resided at the date of his or her death or, if the decedent 1608
2331	2331	died a nonresident of this state, to the court of probate for the district 1609
2332	2332	within which the commissioner contends that real estate or tangible 1610
2333	2333	personal property of the decedent is situated. 1611
2334	2334	(c) No person shall be subject to a penalty under both subsections 1612
2335	2335	(a) and (b) of this section in relation to the same tax period. 1613
2336	2336	Sec. 20. Subsection (b) of section 45a-107 of the general statutes is 1614
2337	2337	repealed and the following is substituted in lieu thereof (Effective from 1615
2338	2338	passage): 1616
2339	2339	(b) In the case of a decedent who dies on or after July 1, 2016, and 1617
2340	2340	prior to January 1, 2019, fees shall be computed as follows: 1618
2341	2341	(1) The basis for fees shall be (A) the greatest of (i) the gross estate 1619
2342	2342	for succession tax purposes, as provided in section 12-349, (ii) the 1620
2343	2343	inventory, including all supplements thereto, (iii) the Connecticut 1621
2344	2344	taxable estate, as defined in section 12-391, as amended by this act, or 1622
2345	2345	(iv) the gross estate for estate tax purposes, as provided in chapters 217 1623
2346	2346	and 218, except as provided in subdivisions (5) and (6) of this 1624
2347	2347	subsection, plus (B) all damages recovered for injuries resulting in 1625
2348	2348	Raised Bill No. 7410
2349	2349
2350	2350
2351	2351
2352	2352	LCO No. 6787 63 of 88
2353	2353
2354	2354	death, minus any hospital and medical expenses for treatment of such 1626
2355	2355	injuries resulting in death, minus any hospital and medical expenses 1627
2356	2356	for treatment of such injuries that are not reimbursable by medical 1628
2357	2357	insurance, and minus the attorney's fees and other costs and expenses 1629
2358	2358	of recovering such damages. Any portion of the basis for fees that is 1630
2359	2359	determined by property passing to the surviving spouse shall be 1631
2360	2360	reduced by fifty per cent. Except as provided in subdivisions (3) and 1632
2361	2361	(4) of this subsection, in no case shall the minimum fee be less than 1633
2362	2362	twenty-five dollars. 1634
2363	2363	(2) Except as provided in subdivisions (3) and (4) of this subsection, 1635
2364	2364	fees shall be assessed in accordance with the following table: 1636
2365	2365	T311 Basis for Computation Total Fee
2366	2366	T312 Of Fees
2367	2367	T313 0 to $500 $25
2368	2368	T314 $501 to $1,000 $50
2369	2369	T315 $1,000 to $10,000 $50, plus 1% of all
2370	2370	T316 in excess of $1,000
2371	2371	T317 $10,000 to $500,000 $150, plus .35% of all
2372	2372	T318 in excess of $10,000
2373	2373	T319 $500,000 to $2,000,000 $1,865, plus .25% of all
2374	2374	T320 in excess of $500,000
2375	2375	T321 $2,000,000 to $8,877,000 $5,615, plus .5% of all
2376	2376	T322 in excess of $2,000,000
2377	2377	T323 $8,877,000 and over $40,000
2378	2378
2379	2379	(3) Notwithstanding the provisions of subdivision (1) of this 1637
2380	2380	subsection, if the basis for fees is less than ten thousand dollars and a 1638
2381	2381	full estate is opened, the minimum fee shall be one hundred fifty 1639
2382	2382	dollars. 1640
2383	2383	(4) In any matter in which the Commissioner of Administrative 1641
2384	2384	Services is the legal representative of the estate pursuant to section 4a-1642
2385	2385	16, the fee shall be the lesser of (A) the amount calculated under 1643
2386	2386	Raised Bill No. 7410
2387	2387
2388	2388
2389	2389
2390	2390	LCO No. 6787 64 of 88
2391	2391
2392	2392	subdivisions (1) and (2) of this subsection, or (B) the amount collected 1644
2393	2393	by the Commissioner of Administrative Services after paying the 1645
2394	2394	expense of funeral and burial in accordance with section 17b-84. 1646
2395	2395	(5) In the case of a deceased person who was domiciled in this state 1647
2396	2396	on the date of his or her death, the gross estate for estate tax purposes 1648
2397	2397	shall, for the purpose of determining the basis for fees pursuant to 1649
2398	2398	subdivision (1) of this subsection, be reduced by the fair market value 1650
2399	2399	of any real property or tangible personal property of the deceased 1651
2400	2400	person situated outside of this state. 1652
2401	2401	(6) In the case of a deceased person who was not domiciled in this 1653
2402	2402	state on the date of his or her death but who owned real property or 1654
2403	2403	tangible personal property situated in this state on the date of his or 1655
2404	2404	her death, only the fair market value of such real property or tangible 1656
2405	2405	personal property situated in this state shall be included in the basis 1657
2406	2406	for fees pursuant to subdivision (1) of this subsection. 1658
2407	2407	Sec. 21. Subdivision (79) of section 12-81 of the general statutes is 1659
2408	2408	repealed and the following is substituted in lieu thereof (Effective 1660
2409	2409	October 1, 2019, and applicable to assessment years commencing on or after 1661
2410	2410	October 1, 2019): 1662
2411	2411	(79) Tangible personal property with an original value of [not more 1663
2412	2412	than two hundred fifty] less than twenty-five thousand dollars that is 1664
2413	2413	owned by a business organization. [, provided this exemption shall not 1665
2414	2414	apply for the first ten full assessment years following the assessment 1666
2415	2415	year in which the property was acquired.] 1667
2416	2416	Sec. 22. Subsection (b) of section 12-284b of the general statutes is 1668
2417	2417	repealed and the following is substituted in lieu thereof (Effective from 1669
2418	2418	passage and applicable to taxable years commencing on or after January 1, 1670
2419	2419	2019): 1671
2420	2420	(b) Each limited liability company, limited liability partnership, 1672
2421	2421	limited partnership and S corporation shall be liable for the tax 1673
2422	2422	Raised Bill No. 7410
2423	2423
2424	2424
2425	2425
2426	2426	LCO No. 6787 65 of 88
2427	2427
2428	2428	imposed by this section for each taxable year or portion thereof that 1674
2429	2429	such company, partnership or corporation is an affected business 1675
2430	2430	entity. For taxable years commencing prior to January 1, 2013, each 1676
2431	2431	affected business entity shall annually, on or before the fifteenth day of 1677
2432	2432	the fourth month following the close of its taxable year, pay to the 1678
2433	2433	Commissioner of Revenue Services a tax in the amount of two 1679
2434	2434	hundred fifty dollars. For taxable years commencing on or after 1680
2435	2435	January 1, 2013, but prior to January 1, 2019, each affected business 1681
2436	2436	entity shall, on or before the fifteenth day of the fourth month 1682
2437	2437	following the close of every other taxable year, pay to the 1683
2438	2438	Commissioner of Revenue Services a tax in the amount of two 1684
2439	2439	hundred fifty dollars. 1685
2440	2440	Sec. 23. Subdivision (2) of subsection (e) of section 12-217jj of the 1686
2441	2441	general statutes is repealed and the following is substituted in lieu 1687
2442	2442	thereof (Effective from passage and applicable to taxable years commencing 1688
2443	2443	on or after January 1, 2019): 1689
2444	2444	(2) Notwithstanding the provisions of subdivision (1) of this 1690
2445	2445	subsection, any entity that is not subject to tax under this chapter or 1691
2446	2446	chapter 207 shall not be subject to the limitations on the transfer of 1692
2447	2447	credits provided in subparagraphs (B) and (C) of said subdivision (1), 1693
2448	2448	provided such entity owns not less than fifty per cent, directly or 1694
2449	2449	indirectly, of a business entity, [subject to tax under] as defined in 1695
2450	2450	section 12-284b, as amended by this act. 1696
2451	2451	Sec. 24. Subsection (a) of section 12-217zz of the general statutes is 1697
2452	2452	repealed and the following is substituted in lieu thereof (Effective from 1698
2453	2453	passage and applicable to income years commencing on or after January 1, 1699
2454	2454	2019): 1700
2455	2455	(a) Notwithstanding any other provision of law, and except as 1701
2456	2456	otherwise provided in subsection (b) of this section and sections 12-1702
2457	2457	217aaa and 12-217bbb, the amount of tax credit or credits otherwise 1703
2458	2458	allowable against the tax imposed under this chapter shall be as 1704
2459	2459	Raised Bill No. 7410
2460	2460
2461	2461
2462	2462
2463	2463	LCO No. 6787 66 of 88
2464	2464
2465	2465	follows: 1705
2466	2466	(1) For any income year commencing on or after January 1, 2002, 1706
2467	2467	and prior to January 1, 2015, the amount of tax credit or credits 1707
2468	2468	otherwise allowable shall not exceed seventy per cent of the amount of 1708
2469	2469	tax due from such taxpayer under this chapter with respect to any such 1709
2470	2470	income year of the taxpayer prior to the application of such credit or 1710
2471	2471	credits; 1711
2472	2472	(2) For any income year commencing on or after January 1, 2015, the 1712
2473	2473	amount of tax credit or credits otherwise allowable shall not exceed 1713
2474	2474	fifty and one one-hundredths per cent of the amount of tax due from 1714
2475	2475	such taxpayer under this chapter with respect to any such income year 1715
2476	2476	of the taxpayer prior to the application of such credit or credits; 1716
2477	2477	(3) Notwithstanding the provisions of subdivision (2) of this 1717
2478	2478	subsection, any taxpayer that possesses excess credits may utilize the 1718
2479	2479	excess credits as follows: 1719
2480	2480	(A) For income years commencing on or after January 1, 2016, and 1720
2481	2481	prior to January 1, 2017, the aggregate amount of tax credits and excess 1721
2482	2482	credits allowable shall not exceed fifty-five per cent of the amount of 1722
2483	2483	tax due from such taxpayer under this chapter with respect to any such 1723
2484	2484	income year of the taxpayer prior to the application of such credit or 1724
2485	2485	credits; 1725
2486	2486	(B) For income years commencing on or after January 1, 2017, and 1726
2487	2487	prior to January 1, 2018, the aggregate amount of tax credits and excess 1727
2488	2488	credits allowable shall not exceed sixty per cent of the amount of tax 1728
2489	2489	due from such taxpayer under this chapter with respect to any such 1729
2490	2490	income year of the taxpayer prior to the application of such credit or 1730
2491	2491	credits; and 1731
2492	2492	(C) For income years commencing on or after January 1, 2018, and 1732
2493	2493	prior to January 1, 2019, the aggregate amount of tax credits and excess 1733
2494	2494	credits allowable shall not exceed sixty-five per cent of the amount of 1734
2495	2495	Raised Bill No. 7410
2496	2496
2497	2497
2498	2498
2499	2499	LCO No. 6787 67 of 88
2500	2500
2501	2501	tax due from such taxpayer under this chapter with respect to any such 1735
2502	2502	income year of the taxpayer prior to the application of such credit or 1736
2503	2503	credits; 1737
2504	2504	[(D) For income years commencing on or after January 1, 2019, the 1738
2505	2505	aggregate amount of tax credits and excess credits allowable shall not 1739
2506	2506	exceed seventy per cent of the amount of tax due from such taxpayer 1740
2507	2507	under this chapter with respect to any such income year of the 1741
2508	2508	taxpayer prior to the application of such credit or credits;] 1742
2509	2509	(4) For purposes of this subsection, "excess credits" means any 1743
2510	2510	remaining credits available under section 12-217j, 12-217n or 32-9t after 1744
2511	2511	tax credits are utilized in accordance with subdivision (2) of this 1745
2512	2512	subsection. 1746
2513	2513	Sec. 25. (NEW) (Effective from passage and applicable to quarterly periods 1747
2514	2514	commencing on or after July 1, 2019) Notwithstanding any provision of 1748
2515	2515	the general statutes allowing for a higher amount, for any quarterly 1749
2516	2516	periods commencing on or after July 1, 2019, the amount of tax credit 1750
2517	2517	or credits allowable against the tax imposed under chapter 211 of the 1751
2518	2518	general statutes, shall not exceed fifty and one one-hundredths per 1752
2519	2519	cent of the amount of tax due from a taxpayer under such chapter with 1753
2520	2520	respect to any such quarterly period of the taxpayer prior to the 1754
2521	2521	application of such credit or credits. 1755
2522	2522	Sec. 26. (NEW) (Effective from passage and applicable to quarterly periods 1756
2523	2523	commencing on or after July 1, 2019) Notwithstanding any provision of 1757
2524	2524	the general statutes allowing for a higher amount, for any quarterly 1758
2525	2525	periods commencing on or after July 1, 2019, the amount of tax credit 1759
2526	2526	or credits allowable against the tax imposed under chapter 212 of the 1760
2527	2527	general statutes, shall not exceed fifty and one one-hundredths per 1761
2528	2528	cent of the amount of tax due from a taxpayer under such chapter with 1762
2529	2529	respect to any such quarterly period of the taxpayer prior to the 1763
2530	2530	application of such credit or credits. 1764
2531	2531	Sec. 27. (NEW) (Effective from passage and applicable to quarterly periods 1765
2532	2532	Raised Bill No. 7410
2533	2533
2534	2534
2535	2535
2536	2536	LCO No. 6787 68 of 88
2537	2537
2538	2538	commencing on or after July 1, 2019) Notwithstanding any provision of 1766
2539	2539	the general statutes allowing for a higher amount, for any quarterly 1767
2540	2540	periods commencing on or after July 1, 2019, the amount of tax credit 1768
2541	2541	or credits allowable against the tax imposed under chapter 227 of the 1769
2542	2542	general statutes, shall not exceed fifty and one one-hundredths per 1770
2543	2543	cent of the amount of tax due from a taxpayer under such chapter with 1771
2544	2544	respect to any such quarterly period of the taxpayer prior to the 1772
2545	2545	application of such credit or credits. 1773
2546	2546	Sec. 28. Subsection (a) of section 12-217 of the general statutes is 1774
2547	2547	repealed and the following is substituted in lieu thereof (Effective July 1775
2548	2548	1, 2019): 1776
2549	2549	(a) (1) In arriving at net income as defined in section 12-213, whether 1777
2550	2550	or not the taxpayer is taxable under the federal corporation net income 1778
2551	2551	tax, there shall be deducted from gross income: [,] 1779
2552	2552	(A) [all] All items deductible under the Internal Revenue Code 1780
2553	2553	effective and in force on the last day of the income year, except (i) any 1781
2554	2554	taxes imposed under the provisions of this chapter [which] that are 1782
2555	2555	paid or accrued in the income year and in the income year 1783
2556	2556	commencing January 1, 1989, and thereafter, any taxes in any state of 1784
2557	2557	the United States or any political subdivision of such state, or the 1785
2558	2558	District of Columbia, imposed on or measured by the income or profits 1786
2559	2559	of a corporation [which] that are paid or accrued in the income year, 1787
2560	2560	(ii) deductions for depreciation, which shall be allowed as provided in 1788
2561	2561	subsection (b) of this section, (iii) deductions for qualified domestic 1789
2562	2562	production activities income, as provided in Section 199 of the Internal 1790
2563	2563	Revenue Code, and (iv) in the case of any captive real estate 1791
2564	2564	investment trust, the deduction for dividends paid provided under 1792
2565	2565	Section 857(b)(2) of the Internal Revenue Code; [,] and 1793
2566	2566	(B) [additionally,] Additionally, in the case of a regulated 1794
2567	2567	investment company, the sum of (i) the exempt-interest dividends, as 1795
2568	2568	defined in the Internal Revenue Code, and (ii) expenses, bond 1796
2569	2569	Raised Bill No. 7410
2570	2570
2571	2571
2572	2572
2573	2573	LCO No. 6787 69 of 88
2574	2574
2575	2575	premium, and interest related to tax-exempt income that are 1797
2576	2576	disallowed as deductions under the Internal Revenue Code; [,] and 1798
2577	2577	(C) [in] In the case of a taxpayer maintaining an international 1799
2578	2578	banking facility as defined in the laws of the United States or the 1800
2579	2579	regulations of the Board of Governors of the Federal Reserve System, 1801
2580	2580	as either may be amended from time to time, the gross income 1802
2581	2581	attributable to the international banking facility, provided, no expense 1803
2582	2582	or loss attributable to the international banking facility shall be a 1804
2583	2583	deduction under any provision of this section; [,] and 1805
2584	2584	(D) [additionally,] Additionally, in the case of all taxpayers, all 1806
2585	2585	dividends as defined in the Internal Revenue Code effective and in 1807
2586	2586	force on the last day of the income year not otherwise deducted from 1808
2587	2587	gross income, including dividends received from a DISC or former 1809
2588	2588	DISC as defined in Section 992 of the Internal Revenue Code and 1810
2589	2589	dividends deemed to have been distributed by a DISC or former DISC 1811
2590	2590	as provided in Section 995 of said Internal Revenue Code, other than 1812
2591	2591	thirty per cent of dividends received from a domestic corporation in 1813
2592	2592	which the taxpayer owns less than twenty per cent of the total voting 1814
2593	2593	power and value of the stock of such corporation; [,] and 1815
2594	2594	(E) [additionally,] Additionally, in the case of all taxpayers, the 1816
2595	2595	value of any capital gain realized from the sale of any land, or interest 1817
2596	2596	in land, to the state, any political subdivision of the state, or to any 1818
2597	2597	nonprofit land conservation organization where such land is to be 1819
2598	2598	permanently preserved as protected open space or to a water 1820
2599	2599	company, as defined in section 25-32a, where such land is to be 1821
2600	2600	permanently preserved as protected open space or as Class I or Class II 1822
2601	2601	water company land; [,] and 1823
2602	2602	(F) [in] In the case of manufacturers, the amount of any contribution 1824
2603	2603	to a manufacturing reinvestment account established pursuant to 1825
2604	2604	section 32-9zz in the income year that such contribution is made to the 1826
2605	2605	extent not deductible for federal income tax purposes; [,] and 1827
2606	2606	Raised Bill No. 7410
2607	2607
2608	2608
2609	2609
2610	2610	LCO No. 6787 70 of 88
2611	2611
2612	2612	(G) [additionally,] Additionally, to the extent allowable under 1828
2613	2613	subsection (g) of section 32-776, the amount paid by a 7/7 participant, 1829
2614	2614	as defined in section 32-776, for the remediation of a brownfield; [,] 1830
2615	2615	and 1831
2616	2616	(H) [the] The amount of any contribution made on or after 1832
2617	2617	December 23, 2017, by the state of Connecticut or a political 1833
2618	2618	subdivision thereof to the extent included in a company's gross income 1834
2619	2619	under Section 118(b)(2) of the Internal Revenue Code. 1835
2620	2620	(2) (A) No deduction shall be allowed for (i) expenses related to 1836
2621	2621	dividends that are allowable as a deduction or credit under the 1837
2622	2622	Internal Revenue Code, and (ii) federal taxes on income or profits, 1838
2623	2623	losses of other calendar or fiscal years, retroactive to include all 1839
2624	2624	calendar or fiscal years beginning after January 1, 1935, interest 1840
2625	2625	received from federal, state and local government securities, if any 1841
2626	2626	such deductions are allowed by the federal government. 1842
2627	2627	(B) For purposes of this subdivision, expenses related to dividends 1843
2628	2628	shall equal five per cent of all dividends received by a company during 1844
2629	2629	an income year. The net income associated with the disallowance of 1845
2630	2630	expenses related to dividends shall be apportioned, if the company 1846
2631	2631	conducts business within and without the state or is required to 1847
2632	2632	apportion its income under section 12-218b, in accordance with this 1848
2633	2633	chapter. 1849
2634	2634	(3) Notwithstanding any provision of this section to the contrary, no 1850
2635	2635	dividend received from a real estate investment trust shall be 1851
2636	2636	deductible under this section by the recipient unless the dividend is: 1852
2637	2637	(A) Deductible under Section 243 of the Internal Revenue Code; 1853
2638	2638	(B) [received] Received by a qualified dividend recipient from a 1854
2639	2639	qualified real estate investment trust and, as of the last day of the 1855
2640	2640	period for which such dividend is paid, persons, not including the 1856
2641	2641	qualified dividend recipient or any person that is either a related 1857
2642	2642	Raised Bill No. 7410
2643	2643
2644	2644
2645	2645
2646	2646	LCO No. 6787 71 of 88
2647	2647
2648	2648	person to, or an employee or director of, the qualified dividend 1858
2649	2649	recipient, have outstanding cash capital contributions to the qualified 1859
2650	2650	real estate investment trust that, in the aggregate, exceed five per cent 1860
2651	2651	of the fair market value of the aggregate real estate assets, valued as of 1861
2652	2652	the last day of the period for which such dividend is paid, then held by 1862
2653	2653	the qualified real estate investment trust; or 1863
2654	2654	(C) [received] Received from a captive real estate investment trust 1864
2655	2655	that is subject to the tax imposed under this chapter. For purposes of 1865
2656	2656	this section, a "related person" is as defined in subdivision (7) of 1866
2657	2657	subsection (a) of section 12-217m, "real estate assets" is as defined in 1867
2658	2658	Section 856 of the Internal Revenue Code, a "qualified dividend 1868
2659	2659	recipient" means a dividend recipient who has invested in a qualified 1869
2660	2660	real estate investment trust prior to April 1, 1997, and a "qualified real 1870
2661	2661	estate investment trust" means an entity that both was incorporated 1871
2662	2662	and had contributed to it a minimum of five hundred million dollars' 1872
2663	2663	worth of real estate assets prior to April 1, 1997, and that elects to be a 1873
2664	2664	real estate investment trust under Section 856 of the Internal Revenue 1874
2665	2665	Code prior to April 1, 1998. 1875
2666	2666	(4) Notwithstanding any provision of this section to the contrary: [,] 1876
2667	2667	(A) [any] Any excess of the deductions provided in this section for 1877
2668	2668	any income year commencing on or after January 1, 1973, over the 1878
2669	2669	gross income for such year or the amount of such excess apportioned 1879
2670	2670	to this state under the provisions of this chapter, shall be an operating 1880
2671	2671	loss of such income year and shall be deductible as an operating loss 1881
2672	2672	carry-over for operating losses incurred prior to income years 1882
2673	2673	commencing January 1, 2000, in each of the five income years 1883
2674	2674	following such loss year, and for operating losses incurred in income 1884
2675	2675	years commencing on or after January 1, 2000, in each of the twenty 1885
2676	2676	income years following such loss year, except that; 1886
2677	2677	(i) [for] For income years commencing prior to January 1, 2015, the 1887
2678	2678	portion of such operating loss [which] that may be deducted as an 1888
2679	2679	Raised Bill No. 7410
2680	2680
2681	2681
2682	2682
2683	2683	LCO No. 6787 72 of 88
2684	2684
2685	2685	operating loss carry-over in any income year following such loss year 1889
2686	2686	shall be limited to the lesser of (I) any net income greater than zero of 1890
2687	2687	such income year following such loss year, or in the case of a company 1891
2688	2688	entitled to apportion its net income under the provisions of this 1892
2689	2689	chapter, the amount of such net income [which] that is apportioned to 1893
2690	2690	this state pursuant thereto, or (II) the excess, if any, of such operating 1894
2691	2691	loss over the total of such net income for each of any prior income 1895
2692	2692	years following such loss year, such net income of each of such prior 1896
2693	2693	income years following such loss year for such purposes being 1897
2694	2694	computed without regard to any operating loss carry-over from such 1898
2695	2695	loss year allowed under this subparagraph and being regarded as not 1899
2696	2696	less than zero, and provided further the operating loss of any income 1900
2697	2697	year shall be deducted in any subsequent year, to the extent available 1901
2698	2698	for such deduction, before the operating loss of any subsequent income 1902
2699	2699	year is deducted; [,] 1903
2700	2700	(ii) [for] For income years commencing on or after January 1, 2015, 1904
2701	2701	but prior to January 1, 2020, the portion of such operating loss [which] 1905
2702	2702	that may be deducted as an operating loss carry-over in any income 1906
2703	2703	year following such loss year shall be limited to the lesser of (I) fifty 1907
2704	2704	per cent of net income of such income year following such loss year, or 1908
2705	2705	in the case of a company entitled to apportion its net income under the 1909
2706	2706	provisions of this chapter, fifty per cent of such net income [which] 1910
2707	2707	that is apportioned to this state pursuant thereto, or (II) the excess, if 1911
2708	2708	any, of such operating loss over the operating loss deductions 1912
2709	2709	allowable with respect to such operating loss under this subparagraph 1913
2710	2710	for each of any prior income years following such loss year, such net 1914
2711	2711	income of each of such prior income years following such loss year for 1915
2712	2712	such purposes being computed without regard to any operating loss 1916
2713	2713	carry-over from such loss year allowed under this subparagraph and 1917
2714	2714	being regarded as not less than zero, and provided further the 1918
2715	2715	operating loss of any income year shall be deducted in any subsequent 1919
2716	2716	year, to the extent available for such deduction, before the operating 1920
2717	2717	loss of any subsequent income year is deducted; [,] and 1921
2718	2718	Raised Bill No. 7410
2719	2719
2720	2720
2721	2721
2722	2722	LCO No. 6787 73 of 88
2723	2723
2724	2724	(iii) For income years commencing on or after January 1, 2020, the 1922
2725	2725	portion of such operating loss that may be deducted as an operating 1923
2726	2726	loss carry-over in any income year following such loss year shall be the 1924
2727	2727	amount allowed under Section 172 of the Internal Revenue Code. 1925
2728	2728	[(iii) if] (iv) If a combined group so elects, the combined group shall 1926
2729	2729	relinquish fifty per cent of its unused operating losses incurred prior to 1927
2730	2730	the income year commencing on or after January 1, 2015, and before 1928
2731	2731	January 1, 2016, and may utilize the remaining operating loss carry-1929
2732	2732	over without regard to the limitations prescribed in subparagraph 1930
2733	2733	(A)(ii) of this subdivision. The portion of such operating loss carry-1931
2734	2734	over that may be deducted shall be limited to the amount required to 1932
2735	2735	reduce a combined group's tax under this chapter, prior to surtax and 1933
2736	2736	prior to the application of credits, to two million five hundred 1934
2737	2737	thousand dollars in any income year commencing on or after January 1935
2738	2738	1, 2015. Only after the combined group's remaining operating loss 1936
2739	2739	carry-over for operating losses incurred prior to income years 1937
2740	2740	commencing January 1, 2015, has been fully utilized, will the 1938
2741	2741	limitations prescribed in subparagraph (A)(ii) of this subdivision 1939
2742	2742	apply. The combined group, or any member thereof, shall make such 1940
2743	2743	election on its return for the income year beginning on or after January 1941
2744	2744	1, 2015, and before January 1, 2016, by the due date for such return, 1942
2745	2745	including any extensions. Only combined groups with unused 1943
2746	2746	operating losses in excess of six billion dollars from income years 1944
2747	2747	beginning prior to January 1, 2013, may make the election prescribed 1945
2748	2748	in this clause; [,] and 1946
2749	2749	(B) [any] Any net capital loss, as defined in the Internal Revenue 1947
2750	2750	Code effective and in force on the last day of the income year, for any 1948
2751	2751	income year commencing on or after January 1, 1973, shall be allowed 1949
2752	2752	as a capital loss carry-over to reduce, but not below zero, any net 1950
2753	2753	capital gain, as so defined, in each of the five following income years, 1951
2754	2754	in order of sequence, to the extent not exhausted by the net capital gain 1952
2755	2755	of any of the preceding of such five following income years; [,] and 1953
2756	2756	Raised Bill No. 7410
2757	2757
2758	2758
2759	2759
2760	2760	LCO No. 6787 74 of 88
2761	2761
2762	2762	(C) [any] Any net capital losses allowed and carried forward from 1954
2763	2763	prior years to income years beginning on or after January 1, 1973, for 1955
2764	2764	federal income tax purposes by companies entitled to a deduction for 1956
2765	2765	dividends paid under the Internal Revenue Code other than 1957
2766	2766	companies subject to the gross earnings taxes imposed under chapters 1958
2767	2767	211 and 212, shall be allowed as a capital loss carry-over. 1959
2768	2768	(5) This section shall not apply to a life insurance company as 1960
2769	2769	defined in the Internal Revenue Code effective and in force on the last 1961
2770	2770	day of the income year. For purposes of this section, the unpaid loss 1962
2771	2771	reserve adjustment required for nonlife insurance companies under the 1963
2772	2772	provisions of Section 832(b)(5) of the Internal Revenue Code of 1986 [, 1964
2773	2773	or any subsequent corresponding internal revenue code of the United 1965
2774	2774	States, as from time to time amended,] shall be applied without 1966
2775	2775	making the adjustment in Subparagraph (B) of said Section 832(b)(5). 1967
2776	2776	(6) For purposes of determining net income under this section for 1968
2777	2777	income years commencing on or after January 1, 2018, the deduction 1969
2778	2778	allowed for business interest paid or accrued shall be determined as 1970
2779	2779	provided under the Internal Revenue Code, except that in making such 1971
2780	2780	determination, the provisions of Section 163(j) of said code shall not 1972
2781	2781	apply. 1973
2782	2782	Sec. 29. Section 12-219 of the general statutes is repealed and the 1974
2783	2783	following is substituted in lieu thereof (Effective from passage): 1975
2784	2784	(a) (1) Each company subject to the provisions of this part shall pay 1976
2785	2785	for the privilege of carrying on or doing business within the state, (A) 1977
2786	2786	(i) for income years commencing prior to January 1, 2020, the larger of 1978
2787	2787	the tax, if any, imposed by section 12-214 and the tax calculated under 1979
2788	2788	this subsection, and (B) for income years commencing on or after 1980
2789	2789	January 1, 2020, the tax imposed by section 12-214. The tax calculated 1981
2790	2790	under this section shall be a tax of three and one-tenth mills per dollar 1982
2791	2791	for each income year of the amount derived [(A)] (i) by adding [(i)] (I) 1983
2792	2792	the average value of the issued and outstanding capital stock, 1984
2793	2793	Raised Bill No. 7410
2794	2794
2795	2795
2796	2796
2797	2797	LCO No. 6787 75 of 88
2798	2798
2799	2799	including treasury stock at par or face value, fractional shares, scrip 1985
2800	2800	certificates convertible into shares of stock and amounts received on 1986
2801	2801	subscriptions to capital stock, computed on the balances at the 1987
2802	2802	beginning and end of the taxable year or period, the average value of 1988
2803	2803	surplus and undivided profit computed on the balances at the 1989
2804	2804	beginning and end of the taxable year or period, and [(ii)] (II) the 1990
2805	2805	average value of all surplus reserves computed on the balances at the 1991
2806	2806	beginning and end of the taxable year or period, [(B)] (ii) by 1992
2807	2807	subtracting from the sum so calculated [(i)] (I) the average value of any 1993
2808	2808	deficit carried on the balance sheet computed on the balances at the 1994
2809	2809	beginning and end of the taxable year or period, and [(ii)] (II) the 1995
2810	2810	average value of any holdings of stock of private corporations 1996
2811	2811	including treasury stock shown on the balance sheet computed on the 1997
2812	2812	balances at the beginning and end of the taxable year or period, and 1998
2813	2813	[(C)] (iii) by apportioning the remainder so derived between this and 1999
2814	2814	other states under the provisions of section 12-219a, provided in no 2000
2815	2815	event shall the tax so calculated exceed one million dollars or be less 2001
2816	2816	than two hundred fifty dollars. 2002
2817	2817	(2) For purposes of this subsection, in the case of a new domestic 2003
2818	2818	company, the balances at the beginning of its first fiscal year or period 2004
2819	2819	shall be the balances immediately after its organization or immediately 2005
2820	2820	after it commences business operations, whichever is earlier; and in the 2006
2821	2821	case of a foreign company, the balances at the beginning of its first 2007
2822	2822	fiscal year or period in which it becomes liable for the filing of a return 2008
2823	2823	in this state shall be the balances as established at the beginning of the 2009
2824	2824	fiscal year or period for tax purposes. In the case of a domestic 2010
2825	2825	company dissolving or limiting its existence, the balances at the end of 2011
2826	2826	the fiscal year or period shall be the balances immediately prior to the 2012
2827	2827	final distribution of all its assets; and in the case of a foreign company 2013
2828	2828	filing a certificate of withdrawal, the balances at the end of the fiscal 2014
2829	2829	year or period shall be the balances immediately prior to the 2015
2830	2830	withdrawal of all of its assets. When a taxpayer has carried on or had 2016
2831	2831	the right to carry on business within the state for eleven months or less 2017
2832	2832	Raised Bill No. 7410
2833	2833
2834	2834
2835	2835
2836	2836	LCO No. 6787 76 of 88
2837	2837
2838	2838	of the income year, the tax calculated under this subsection shall be 2018
2839	2839	reduced in proportion to the fractional part of the year during which 2019
2840	2840	business was carried on by such taxpayer. The tax calculated under 2020
2841	2841	this subsection shall, in no case, be less than two hundred fifty dollars 2021
2842	2842	for each income year. The taxpayer shall report the items set forth in 2022
2843	2843	this subsection at the amounts at which such items appear upon its 2023
2844	2844	books; provided, when, in the opinion of the Commissioner of 2024
2845	2845	Revenue Services, the books of the taxpayer do not disclose a 2025
2846	2846	reasonable valuation of such items, the commissioner may require any 2026
2847	2847	additional information which may be necessary for a reasonable 2027
2848	2848	determination of the tax calculated under this subsection and shall, on 2028
2849	2849	the basis of the best information available, calculate such tax and notify 2029
2850	2850	the taxpayer thereof. 2030
2851	2851	(3) No tax credit allowed against the tax imposed by this chapter 2031
2852	2852	shall reduce a company's tax calculated under this subsection to an 2032
2853	2853	amount less than two hundred fifty dollars. 2033
2854	2854	(b) (1) With respect to income years commencing on or after January 2034
2855	2855	1, 1989, and prior to January 1, 1992, the additional tax imposed on any 2035
2856	2856	company and calculated in accordance with subsection (a) of this 2036
2857	2857	section shall, for each such income year, except when the tax so 2037
2858	2858	calculated is equal to two hundred fifty dollars, be increased by adding 2038
2859	2859	thereto an amount equal to twenty per cent of the additional tax so 2039
2860	2860	calculated for such income year, without reduction of the additional 2040
2861	2861	tax so calculated by the amount of any credit against such tax. The 2041
2862	2862	increased amount of tax payable by any company under this section, 2042
2863	2863	as determined in accordance with this subsection, shall become due 2043
2864	2864	and be paid, collected and enforced as provided in this chapter. 2044
2865	2865	(2) With respect to income years commencing on or after January 1, 2045
2866	2866	1992, and prior to January 1, 1993, the additional tax imposed on any 2046
2867	2867	company and calculated in accordance with subsection (a) of this 2047
2868	2868	section shall, for each such income year, except when the tax so 2048
2869	2869	calculated is equal to two hundred fifty dollars, be increased by adding 2049
2870	2870	Raised Bill No. 7410
2871	2871
2872	2872
2873	2873
2874	2874	LCO No. 6787 77 of 88
2875	2875
2876	2876	thereto an amount equal to ten per cent of the additional tax so 2050
2877	2877	calculated for such income year, without reduction of the tax so 2051
2878	2878	calculated by the amount of any credit against such tax. The increased 2052
2879	2879	amount of tax payable by any company under this section, as 2053
2880	2880	determined in accordance with this subsection, shall become due and 2054
2881	2881	be paid, collected and enforced as provided in this chapter. 2055
2882	2882	(3) With respect to income years commencing on or after January 1, 2056
2883	2883	2003, and prior to January 1, 2004, the additional tax imposed on any 2057
2884	2884	company and calculated in accordance with subsection (a) of this 2058
2885	2885	section shall, for each such income year, be increased by adding 2059
2886	2886	thereto an amount equal to twenty per cent of the additional tax so 2060
2887	2887	calculated for such income year, without reduction of the tax so 2061
2888	2888	calculated by the amount of any credit against such tax. The increased 2062
2889	2889	amount of tax payable by any company under this section, as 2063
2890	2890	determined in accordance with this subsection, shall become due and 2064
2891	2891	be paid, collected and enforced as provided in this chapter. 2065
2892	2892	(4) With respect to income years commencing on or after January 1, 2066
2893	2893	2004, and prior to January 1, 2005, the additional tax imposed on any 2067
2894	2894	company and calculated in accordance with subsection (a) of this 2068
2895	2895	section shall, for each such income year, be increased by adding 2069
2896	2896	thereto an amount equal to twenty-five per cent of the additional tax so 2070
2897	2897	calculated for such income year, without reduction of the tax so 2071
2898	2898	calculated by the amount of any credit against such tax, except that 2072
2899	2899	any company that pays the minimum tax of two hundred fifty dollars 2073
2900	2900	under this section or section 12-223c, as amended by this act, for such 2074
2901	2901	income year shall not be subject to such additional tax. The increased 2075
2902	2902	amount of tax payable by any company under this subdivision, as 2076
2903	2903	determined in accordance with this subsection, shall become due and 2077
2904	2904	be paid, collected and enforced as provided in this chapter. 2078
2905	2905	(5) With respect to income years commencing on or after January 1, 2079
2906	2906	2006, and prior to January 1, 2007, the additional tax imposed on any 2080
2907	2907	company and calculated in accordance with subsection (a) of this 2081
2908	2908	Raised Bill No. 7410
2909	2909
2910	2910
2911	2911
2912	2912	LCO No. 6787 78 of 88
2913	2913
2914	2914	section shall, for each such income year, except when the tax so 2082
2915	2915	calculated is equal to two hundred fifty dollars, be increased by adding 2083
2916	2916	thereto an amount equal to twenty per cent of the additional tax so 2084
2917	2917	calculated for such income year, without reduction of the tax so 2085
2918	2918	calculated by the amount of any credit against such tax. The increased 2086
2919	2919	amount of tax payable by any company under this section, as 2087
2920	2920	determined in accordance with this subsection, shall become due and 2088
2921	2921	be paid, collected and enforced as provided in this chapter. 2089
2922	2922	(6) (A) With respect to income years commencing on or after 2090
2923	2923	January 1, 2009, and prior to January 1, 2012, the additional tax 2091
2924	2924	imposed on any company and calculated in accordance with 2092
2925	2925	subsection (a) of this section shall, for each such income year, except 2093
2926	2926	when the tax so calculated is equal to two hundred fifty dollars, be 2094
2927	2927	increased by adding thereto an amount equal to ten per cent of the 2095
2928	2928	additional tax so calculated for such income year, without reduction of 2096
2929	2929	the tax so calculated by the amount of any credit against such tax. The 2097
2930	2930	increased amount of tax payable by any company under this section, 2098
2931	2931	as determined in accordance with this subsection, shall become due 2099
2932	2932	and be paid, collected and enforced as provided in this chapter. 2100
2933	2933	(B) Any company whose gross income for the income year was less 2101
2934	2934	than one hundred million dollars shall not be subject to the additional 2102
2935	2935	tax imposed under subparagraph (A) of this subdivision. This 2103
2936	2936	exception shall not apply to companies filing a combined return for the 2104
2937	2937	income year under section 12-223a or a unitary return under 2105
2938	2938	subsection (d) of section 12-218d. 2106
2939	2939	(7) (A) With respect to income years commencing on or after 2107
2940	2940	January 1, 2012, and prior to January 1, 2018, the additional tax 2108
2941	2941	imposed on any company and calculated in accordance with 2109
2942	2942	subsection (a) of this section shall, for each such income year, except 2110
2943	2943	when the tax so calculated is equal to two hundred fifty dollars, be 2111
2944	2944	increased by adding thereto an amount equal to twenty per cent of the 2112
2945	2945	additional tax so calculated for such income year, without reduction of 2113
2946	2946	Raised Bill No. 7410
2947	2947
2948	2948
2949	2949
2950	2950	LCO No. 6787 79 of 88
2951	2951
2952	2952	the tax so calculated by the amount of any credit against such tax. The 2114
2953	2953	increased amount of tax payable by any company under this section, 2115
2954	2954	as determined in accordance with this subsection, shall become due 2116
2955	2955	and be paid, collected and enforced as provided in this chapter. 2117
2956	2956	(B) Any company whose gross income for the income year was less 2118
2957	2957	than one hundred million dollars shall not be subject to the additional 2119
2958	2958	tax imposed under subparagraph (A) of this subdivision. With respect 2120
2959	2959	to income years commencing on or after January 1, 2012, and prior to 2121
2960	2960	January 1, 2016, this exception shall not apply to companies filing a 2122
2961	2961	combined return for the income year under section 12-223a or a 2123
2962	2962	unitary return under subsection (d) of section 12-218d. With respect to 2124
2963	2963	income years commencing on or after January 1, 2016, and prior to 2125
2964	2964	January 1, 2018, this exception shall not apply to taxable members of a 2126
2965	2965	combined group that files a combined unitary tax return. 2127
2966	2966	(8) (A) With respect to income years commencing on or after 2128
2967	2967	January 1, 2018, and prior to January 1, 2019, the additional tax 2129
2968	2968	imposed on any company and calculated in accordance with 2130
2969	2969	subsection (a) of this section shall, for such income year, except when 2131
2970	2970	the tax so calculated is equal to two hundred fifty dollars, be increased 2132
2971	2971	by adding thereto an amount equal to ten per cent of the additional tax 2133
2972	2972	so calculated for such income year, without reduction of the tax so 2134
2973	2973	calculated by the amount of any credit against such tax. The increased 2135
2974	2974	amount of tax payable by any company under this section, as 2136
2975	2975	determined in accordance with this subsection, shall become due and 2137
2976	2976	be paid, collected and enforced as provided in this chapter. 2138
2977	2977	(B) Any company whose gross income for the income year was less 2139
2978	2978	than one hundred million dollars shall not be subject to the additional 2140
2979	2979	tax imposed under subparagraph (A) of this subdivision. This 2141
2980	2980	exception shall not apply to taxable members of a combined group that 2142
2981	2981	files a combined unitary tax return. 2143
2982	2982	(c) The tax imposed by this section shall be assessed and collected 2144
2983	2983	Raised Bill No. 7410
2984	2984
2985	2985
2986	2986
2987	2987	LCO No. 6787 80 of 88
2988	2988
2989	2989	and be first applicable at the time or times herein provided for the tax 2145
2990	2990	measured by net income. This section shall not apply to insurance 2146
2991	2991	companies, real estate investment trusts, regulated investment 2147
2992	2992	companies, interlocal risk management agencies formed pursuant to 2148
2993	2993	chapter 113a or, except as otherwise provided by subsection (d) of this 2149
2994	2994	section, financial service companies, as defined in section 12-218b. 2150
2995	2995	(d) Each financial service company, as defined in section 12-218b, 2151
2996	2996	shall pay for the privilege of carrying on or doing business within the 2152
2997	2997	state, (A) for income years commencing prior to January 1, 2020, the 2153
2998	2998	larger of the tax, if any, imposed by section 12-214 and the tax 2154
2999	2999	calculated under this subsection, and (B) for income years commencing 2155
3000	3000	on or after January 1, 2020, the tax, if any, imposed by section 12-214. 2156
3001	3001	For each such financial service company, the tax calculated under this 2157
3002	3002	subsection shall be two hundred fifty dollars for each income year. No 2158
3003	3003	tax credit allowed against the tax imposed by this chapter shall reduce 2159
3004	3004	a financial service company's tax calculated under this subsection to an 2160
3005	3005	amount less than two hundred fifty dollars. 2161
3006	3006	(e) [The] For income years commencing prior to January 1, 2020, the 2162
3007	3007	additional tax base of taxable and nontaxable members of a combined 2163
3008	3008	group required to file a combined unitary tax return pursuant to 2164
3009	3009	section 12-222 shall be calculated as provided in subsection (f) of 2165
3010	3010	section 12-218e. 2166
3011	3011	Sec. 30. Subsection (a) of section 12-217ee of the general statutes is 2167
3012	3012	repealed and the following is substituted in lieu thereof (Effective from 2168
3013	3013	passage): 2169
3014	3014	(a) Any taxpayer that (1) is a qualified small business, (2) qualifies 2170
3015	3015	for a credit under section 12-217j or section 12-217n, and (3) cannot 2171
3016	3016	take such credit in the taxable year in which the credit could otherwise 2172
3017	3017	be taken as a result of having no tax liability under this chapter may 2173
3018	3018	elect to carry such credit forward under this chapter or may apply to 2174
3019	3019	the commissioner as provided in subsection (b) of this section to 2175
3020	3020	Raised Bill No. 7410
3021	3021
3022	3022
3023	3023
3024	3024	LCO No. 6787 81 of 88
3025	3025
3026	3026	exchange such credit with the state for a credit refund equal to sixty-2176
3027	3027	five per cent of the value of the credit. Any amount of credit refunded 2177
3028	3028	under this section shall be refunded to the taxpayer under the 2178
3029	3029	provisions of this chapter, except that such credit refund shall not be 2179
3030	3030	subject to the provisions of section 12-227. Payment of the capital base 2180
3031	3031	tax under section 12-219, as amended by this act, for an income year 2181
3032	3032	commencing on or after January 1, 2002, and prior to January 1, 2020, 2182
3033	3033	in which year the taxpayer reports no net income, as defined in section 2183
3034	3034	12-213, or payment of the minimum tax of two hundred fifty dollars 2184
3035	3035	under section 12-219, as amended by this act, or 12-223c, as amended 2185
3036	3036	by this act, for any income year, shall not be considered a tax liability 2186
3037	3037	for purposes of this section. 2187
3038	3038	Sec. 31. Section 12-223c of the general statutes is repealed and the 2188
3039	3039	following is substituted in lieu thereof (Effective from passage): 2189
3040	3040	[Each] For income years commencing prior to January 1, 2020, (1) 2190
3041	3041	each corporation included in a combined return under section 12-223a 2191
3042	3042	shall pay the minimum tax of two hundred fifty dollars prescribed 2192
3043	3043	under section 12-219, as amended by this act, [. No] and (2) no tax 2193
3044	3044	credit allowed against the tax imposed by this chapter shall reduce an 2194
3045	3045	included corporation's tax calculated under section 12-219, as amended 2195
3046	3046	by this act, to an amount less than two hundred fifty dollars. 2196
3047	3047	Sec. 32. (Effective from passage) Not later than December 31, 2019, the 2197
3048	3048	Commissioner of Revenue Services shall provide to the chairpersons 2198
3049	3049	and ranking members of the joint standing committee of the General 2199
3050	3050	Assembly having cognizance of matters relating to finance, revenue 2200
3051	3051	and bonding recommendations for additional amendments to the 2201
3052	3052	general statutes that are required to effectuate the changes in sections 2202
3053	3053	28 and 29 of this act related to the amount of the operating loss 2203
3054	3054	allowed as a carry-over and the elimination of the capital base tax. 2204
3055	3055	Sec. 33. (Effective July 1, 2019) (a) For the purposes described in 2205
3056	3056	subsection (b) of this section, the State Bond Commission shall have 2206
3057	3057	Raised Bill No. 7410
3058	3058
3059	3059
3060	3060
3061	3061	LCO No. 6787 82 of 88
3062	3062
3063	3063	the power from time to time to authorize the issuance of bonds of the 2207
3064	3064	state in one or more series and in principal amounts not exceeding in 2208
3065	3065	the aggregate two hundred million dollars. 2209
3066	3066	(b) The proceeds of the sale of such bonds, to the extent of the 2210
3067	3067	amount stated in subsection (a) of this section, shall be used by the 2211
3068	3068	Office of Higher Education for the purpose of awarding scholarships 2212
3069	3069	under the STEM Scholarship Program established under section 34 of 2213
3070	3070	this act, provided no portion of such proceeds shall be used for 2214
3071	3071	administrative expenses. 2215
3072	3072	(c) All provisions of section 3-20 of the general statutes, or the 2216
3073	3073	exercise of any right or power granted thereby, that are not 2217
3074	3074	inconsistent with the provisions of this section are hereby adopted and 2218
3075	3075	shall apply to all bonds authorized by the State Bond Commission 2219
3076	3076	pursuant to this section. Temporary notes in anticipation of the money 2220
3077	3077	to be derived from the sale of any such bonds so authorized may be 2221
3078	3078	issued in accordance with section 3-20 of the general statutes and from 2222
3079	3079	time to time renewed. Such bonds shall mature at such time or times 2223
3080	3080	not exceeding twenty years from their respective dates as may be 2224
3081	3081	provided in or pursuant to the resolution or resolutions of the State 2225
3082	3082	Bond Commission authorizing such bonds. None of such bonds shall 2226
3083	3083	be authorized except upon a finding by the State Bond Commission 2227
3084	3084	that there has been filed with it a request for such authorization that is 2228
3085	3085	signed by or on behalf of the Secretary of the Office of Policy and 2229
3086	3086	Management and states such terms and conditions as said commission, 2230
3087	3087	in its discretion, may require. Such bonds issued pursuant to this 2231
3088	3088	section shall be general obligations of the state and the full faith and 2232
3089	3089	credit of the state of Connecticut are pledged for the payment of the 2233
3090	3090	principal of and interest on such bonds as the same become due, and 2234
3091	3091	accordingly and as part of the contract of the state with the holders of 2235
3092	3092	such bonds, appropriation of all amounts necessary for punctual 2236
3093	3093	payment of such principal and interest is hereby made, and the State 2237
3094	3094	Treasurer shall pay such principal and interest as the same become 2238
3095	3095	due. 2239
3096	3096	Raised Bill No. 7410
3097	3097
3098	3098
3099	3099
3100	3100	LCO No. 6787 83 of 88
3101	3101
3102	3102	Sec. 34. (NEW) (Effective July 1, 2019) (a) There is established a STEM 2240
3103	3103	scholarship program administered by the Office of Higher Education. 2241
3104	3104	Commencing July 1, 2020, the program shall award scholarships for up 2242
3105	3105	to four thousand residents of the state in the first year and up to four 2243
3106	3106	thousand additional residents of the state in each of the next three 2244
3107	3107	years, who are enrolled (1) as full-time or part-time undergraduate 2245
3108	3108	students at a public or an independent institution of higher education 2246
3109	3109	in the state and are seeking a degree in a field related to science, 2247
3110	3110	technology, engineering, mathematics or a health profession, or (2) in a 2248
3111	3111	teacher preparation program, as defined in section 10-10a of the 2249
3112	3112	general statutes, and whose subject area major is in science, 2250
3113	3113	technology, engineering or mathematics. 2251
3114	3114	(b) Each scholarship awarded under subsection (a) of this section 2252
3115	3115	shall be in the amount of five thousand dollars annually and may be 2253
3116	3116	awarded for up to a four-year period, provided a scholarship recipient 2254
3117	3117	remains eligible for such scholarship in accordance with the standards 2255
3118	3118	established by the Office of Higher Education under subsection (c) of 2256
3119	3119	this section. 2257
3120	3120	(c) The Office of Higher Education shall establish (1) (A) the specific 2258
3121	3121	fields or majors for which a scholarship may be awarded, or (B) 2259
3122	3122	specific standards to determine whether a field or major is eligible for 2260
3123	3123	an enrollee to be considered for a scholarship under subsection (a) of 2261
3124	3124	this section, (2) eligibility standards for applicants, including, but not 2262
3125	3125	limited to, any minimum grade point averages required, (3) standards 2263
3126	3126	for scholarship recipients to remain eligible for such scholarship while 2264
3127	3127	enrolled, including, but not limited to, any minimum grade point 2265
3128	3128	averages required, (4) an application form and any additional 2266
3129	3129	information said office deems necessary to evaluate an application, (5) 2267
3130	3130	the deadlines for applications to be submitted and for final decisions to 2268
3131	3131	be issued by said office, and (6) any other criteria said office deems 2269
3132	3132	necessary to decide scholarship award recipients under this section. 2270
3133	3133	Said office shall post information about the STEM scholarship program 2271
3134	3134	on its Internet web site, including, at a minimum, the requirements 2272
3135	3135	Raised Bill No. 7410
3136	3136
3137	3137
3138	3138
3139	3139	LCO No. 6787 84 of 88
3140	3140
3141	3141	established under this subsection. 2273
3142	3142	(d) Not later than July 31, 2021, and each year thereafter that 2274
3143	3143	scholarships under this section are awarded, the executive director of 2275
3144	3144	the Office of Higher Education shall submit a report, in accordance 2276
3145	3145	with the provisions of section 11-4a of the general statutes, to the joint 2277
3146	3146	standing committees of the General Assembly having cognizance of 2278
3147	3147	matters relating to higher education, labor and bonding, that includes, 2279
3148	3148	but is not limited to, (1) the number of scholarships awarded in the 2280
3149	3149	preceding year to enrollees described in subparagraph (A) of 2281
3150	3150	subdivision (1) of subsection (c) of this section and to enrollees 2282
3151	3151	described in subparagraph (B) of said subdivision, (2) the specific 2283
3152	3152	institutions of higher education that recipients of scholarship awards 2284
3153	3153	in the preceding year are attending, and (3) the fields or majors in 2285
3154	3154	which recipients of scholarship awards in the preceding year are 2286
3155	3155	enrolled. 2287
3156	3156	Sec. 35. Section 10a-1d of the general statutes is repealed and the 2288
3157	3157	following is substituted in lieu thereof (Effective July 1, 2019): 2289
3158	3158	(a) There is established an Office of Higher Education. The Office of 2290
3159	3159	Higher Education shall administer the programs set forth in sections 2291
3160	3160	10-155d, 10a-10a, 10a-11, 10a-11a, 10a-17d, 10a-19g, 10a-34 to 10a-34f, 2292
3161	3161	inclusive, 10a-35, 10a-166, 10a-168a, 10a-169a, 10a-169b, [and] 10a-173 2293
3162	3162	and section 34 of this act. The Office of Higher Education shall be 2294
3163	3163	responsible for approving any action taken pursuant to sections 10a-34 2295
3164	3164	to 10a-34f, inclusive. 2296
3165	3165	(b) The Governor shall appoint an executive director of the Office of 2297
3166	3166	Higher Education in accordance with the provisions of sections 4-5 to 2298
3167	3167	4-8, inclusive. The executive director shall have the responsibility for 2299
3168	3168	implementing the policies and directives of the office and shall have 2300
3169	3169	additional responsibilities as the board may prescribe. 2301
3170	3170	Sec. 36. Section 12-407e of the general statutes is repealed. (Effective 2302
3171	3171	July 1, 2019) 2303
3172	3172	Raised Bill No. 7410
3173	3173
3174	3174
3175	3175
3176	3176	LCO No. 6787 85 of 88
3177	3177
3178	3178	Sec. 37. Subdivisions (91), (102), (108), (109) and (114) of section 12-2304
3179	3179	412 of the general statutes are repealed. (Effective January 1, 2020) 2305
3180	3180	This act shall take effect as follows and shall amend the following
3181	3181	sections:
3182	3182
3183	3183	Section 1 January 1, 2020, and
3184	3184	applicable to sales
3185	3185	occurring on or after
3186	3186	January 1, 2020
3187	3187	12-408(1)
3188	3188	Sec. 2 July 1, 2019, and
3189	3189	applicable to sales
3190	3190	occurring on or after July
3191	3191	1, 2019
3192	3192	12-411(1)
3193	3193	Sec. 3 January 1, 2020, and
3194	3194	applicable to sales
3195	3195	occurring on or after
3196	3196	January 1, 2020
3197	3197	12-407(a)(13)
3198	3198	Sec. 4 January 1, 2020, and
3199	3199	applicable to sales
3200	3200	occurring on or after
3201	3201	January 1, 2020
3202	3202	12-407(a)
3203	3203	Sec. 5 January 1, 2020, and
3204	3204	applicable to sales
3205	3205	occurring on or after
3206	3206	January 1, 2020
3207	3207	12-407(a)(37)
3208	3208	Sec. 6 January 1, 2020, and
3209	3209	applicable to sales
3210	3210	occurring on or after
3211	3211	January 1, 2020
3212	3212	12-412
3213	3213	Sec. 7 January 1, 2020, and
3214	3214	applicable to sales
3215	3215	occurring on or after
3216	3216	January 1, 2020
3217	3217	12-412(120)
3218	3218	Sec. 8 January 1, 2020, and
3219	3219	applicable to sales
3220	3220	occurring on or after
3221	3221	January 1, 2020
3222	3222	12-407(a)(2)(H)
3223	3223	Raised Bill No. 7410
3224	3224
3225	3225
3226	3226
3227	3227	LCO No. 6787 86 of 88
3228	3228
3229	3229	Sec. 9 January 1, 2020, and
3230	3230	applicable to sales
3231	3231	occurring on or after
3232	3232	January 1, 2020
3233	3233	12-407(a)(3)(A)
3234	3234	Sec. 10 January 1, 2020, and
3235	3235	applicable to sales
3236	3236	occurring on or after
3237	3237	January 1, 2020
3238	3238	12-407(a)(7)
3239	3239	Sec. 11 January 1, 2020, and
3240	3240	applicable to sales
3241	3241	occurring on or after
3242	3242	January 1, 2020
3243	3243	12-407(a)(8)(A)
3244	3244	Sec. 12 January 1, 2020, and
3245	3245	applicable to sales
3246	3246	occurring on or after
3247	3247	January 1, 2020
3248	3248	12-407(a)(9)(A)
3249	3249	Sec. 13 January 1, 2020, and
3250	3250	applicable to sales
3251	3251	occurring on or after
3252	3252	January 1, 2020
3253	3253	12-407(a)(15)(A)
3254	3254	Sec. 14 January 1, 2020, and
3255	3255	applicable to sales
3256	3256	occurring on or after
3257	3257	January 1, 2020
3258	3258	12-407(a)(18) and (19)
3259	3259	Sec. 15 from passage and
3260	3260	applicable to gifts made on
3261	3261	or after January 1, 2019
3262	3262	12-640
3263	3263	Sec. 16 from passage 12-642
3264	3264	Sec. 17 from passage and
3265	3265	applicable to estates of
3266	3266	decedents dying on or after
3267	3267	January 1, 2019
3268	3268	12-643(3)
3269	3269	Sec. 18 from passage and
3270	3270	applicable to decedents
3271	3271	dying on or after January
3272	3272	1, 2019
3273	3273	12-391
3274	3274	Sec. 19 from passage and
3275	3275	applicable to decedents
3276	3276	dying on or after January
3277	3277	1, 2019
3278	3278	12-392
3279	3279	Sec. 20 from passage 45a-107(b)
3280	3280	Raised Bill No. 7410
3281	3281
3282	3282
3283	3283
3284	3284	LCO No. 6787 87 of 88
3285	3285
3286	3286	Sec. 21 October 1, 2019, and
3287	3287	applicable to assessment
3288	3288	years commencing on or
3289	3289	after October 1, 2019
3290	3290	12-81(79)
3291	3291	Sec. 22 from passage and
3292	3292	applicable to taxable years
3293	3293	commencing on or after
3294	3294	January 1, 2019
3295	3295	12-284b(b)
3296	3296	Sec. 23 from passage and
3297	3297	applicable to taxable years
3298	3298	commencing on or after
3299	3299	January 1, 2019
3300	3300	12-217jj(e)(2)
3301	3301	Sec. 24 from passage and
3302	3302	applicable to income years
3303	3303	commencing on or after
3304	3304	January 1, 2019
3305	3305	12-217zz(a)
3306	3306	Sec. 25 from passage and
3307	3307	applicable to quarterly
3308	3308	periods commencing on or
3309	3309	after July 1, 2019
3310	3310	New section
3311	3311	Sec. 26 from passage and
3312	3312	applicable to quarterly
3313	3313	periods commencing on or
3314	3314	after July 1, 2019
3315	3315	New section
3316	3316	Sec. 27 from passage and
3317	3317	applicable to quarterly
3318	3318	periods commencing on or
3319	3319	after July 1, 2019
3320	3320	New section
3321	3321	Sec. 28 July 1, 2019 12-217(a)
3322	3322	Sec. 29 from passage 12-219
3323	3323	Sec. 30 from passage 12-217ee(a)
3324	3324	Sec. 31 from passage 12-223c
3325	3325	Sec. 32 from passage New section
3326	3326	Sec. 33 July 1, 2019 New section
3327	3327	Sec. 34 July 1, 2019 New section
3328	3328	Sec. 35 July 1, 2019 10a-1d
3329	3329	Sec. 36 July 1, 2019 Repealer section
3330	3330	Sec. 37 January 1, 2020 Repealer section
3331	3331	Raised Bill No. 7410
3332	3332
3333	3333
3334	3334
3335	3335	LCO No. 6787 88 of 88
3336	3336
3337	3337
3338	3338	Statement of Purpose:
3339	3339	To implement certain tax recommendations of the Commission on
3340	3340	Economic Fiscal Stability and Economic Growth.
3341	3341
3342	3342	[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline,
3343	3343	except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is
3344	3344	not underlined.]
3345	3345