DRS: 12-704(a)-1, Resident or part-year resident credit for taxes paid to another state, political subdivision of another state, the District of Columbia, a province of Canada or political subdivision of a province of Canada

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Conn. Agencies Regs. § 12-704(a)-1.  Resident or part-year resident credit for taxes paid to another state, political subdivision of another state, the District of Columbia, a province of Canada or political subdivision of a province of Canada.

(a) Individuals. (1) Where a resident or part-year resident individual has paid income tax to a qualifying jurisdiction (as defined in §12-704(a)-4 of this Part) on income derived from or connected with sources therein, such individual is allowed a credit against the Connecticut income tax on account of the income tax paid to such qualifying jurisdiction to the extent permitted by this Part.

(2) If a resident or part-year resident individual claims a credit against Connecticut income tax under this Part, such person shall attach to the Connecticut income tax return a copy of the income tax return filed with the qualifying jurisdiction(s).

(b) Trusts and estates. A resident trust or estate, or a part-year resident trust, is entitled to a similar credit against Connecticut income tax, computed in the same way and subject to the same exceptions and limitations set forth in this Part. Wherever reference is made in this Part to resident individuals and part-year resident individuals, such reference shall be construed to include resident trusts and estates and part-year resident trusts, respectively, provided any reference to a resident individual’s Connecticut adjusted gross income or Connecticut adjusted gross income derived from or connected with sources in a qualifying jurisdiction shall be construed to mean a resident trust or estate’s Connecticut taxable income or Connecticut taxable income derived from or connected with sources in a qualifying jurisdiction, respectively.

(c) While this section pertains to Section 12-704(a) of the general statutes, for purposes of supplementary interpretation, as the phrase is used in Section 12-2 of the general statutes, the adoption of this section is authorized by Section 12-740(a) of the general statutes.

(Effective November 18, 1994.)