Connecticut 2019 Regular Session

Connecticut Senate Bill SB00113 Compare Versions

Only one version of the bill is available at this time.
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33 LCO No. 1218 1 of 1
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55 General Assembly Proposed Bill No. 113
66 January Session, 2019
77 LCO No. 1218
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1010 Referred to Committee on FINANCE, REVENUE AND
1111 BONDING
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1414 Introduced by:
1515 SEN. FORMICA, 20th Dist.
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1919 AN ACT WAIVING PENALTIES AND INTEREST INCURRED FOR
2020 FAILURE TO PAY ESTIMATED QUARTERLY INCOME TAX AMOUNTS
2121 IN EQUAL PORTIONS.
2222 Be it enacted by the Senate and House of Representatives in General
2323 Assembly convened:
2424
2525 That title 12 of the general statutes be amended to require the 1
2626 Commissioner of Revenue Services to waive penalties and interest 2
2727 incurred by a taxpayer for failure to pay estimated quarterly income 3
2828 tax amounts in equal portions of twenty-five per cent of the required 4
2929 annual payment. 5
3030 Statement of Purpose:
3131 To provide tax relief to taxpayers with income levels that vary during
3232 the year.