DRS: 12-722(g)-1, Payments on account of income tax - Repealed Effective 1/1/04

DRS has reproduced this regulation. This is an unofficial copy. Official copies of regulations ONLY are available from the Commission on Official Legal Publications. 111 Phoenix Avenue. Enfield, CT 06082. colp@jud.state.ct.us Copies of DRS forms and publications are available at http://www.ct.gov/drs

Repealed Effective 1/1/04

Conn. Agencies Regs. § 12-722(g)-1.  Payments on account of income tax.

(a) Any estimated tax payment made pursuant to this Part shall be considered a payment on account of the Connecticut income tax imposed on income for the entire taxable year from all sources. Any underpayment of any portion of Connecticut income tax, provided the tax on a taxpayer’s Connecticut taxable income or, in the case of a nonresident, the tax on such taxpayer’s Connecticut taxable income derived from or connected with sources within this state, other than the tax withheld from wages or other income, exceeds $200, shall be considered to be an underpayment of estimated tax, and shall be subject to the applicable due dates and interest specified in this Part.

(b) While this section pertains to Section 12-722(g) 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.)