DRS: 12-723-3, Extension of time for payment of Connecticut income tax

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

Amended Effective 1/1/02  Old Version

Conn. Agencies Regs. 12-723-3.  Extension of time for payment of Connecticut income tax.

(a) The Commissioner may, apart from any extension of time to file a Connecticut income or withholding tax return, grant a reasonable extension of time for payment of Connecticut tax upon the filing on or before the original due date of the Connecticut tax return (determined without regard to any extension of time) by the taxpayer of a Form CT-1127 (Application For Extension of Time For Payment of Income Tax) that gives complete information as to the reasons for such taxpayer's inability by reason of undue hardship, as the term is defined in 26 C.F.R. 1.6161-1(b), to make payment of the tax on or before the original due date of the Connecticut tax return (determined without regard to any extension of time). The period of such extension shall not be in excess of six months from the original due date of the Connecticut tax return (determined without regard to any extension of time). No further extension of time for payment of Connecticut tax shall be granted by the Commissioner.

(b) If an extension of time for payment of Connecticut tax has been granted pursuant to this Section, interest shall be added at the statutory rate under Section 12-723 of the General Statutes for each month or fraction thereof on any balance due from the original due date of the Connecticut tax return (determined without regard to any extension of time) to the date of actual payment. If such balance due is not paid on or before the extended due date for payment, a penalty shall apply to such balance in accordance with Section 12-735 of the General Statutes.

(c) If an extension of time for payment of Connecticut tax has not been granted pursuant to this section, interest shall be added at the statutory rate under Section 12-735 of the General Statutes for each month or fraction thereof on any balance due from the original due date of the Connecticut tax return (determined without regard to any extension of time) to the date of actual payment. Except as otherwise provided in subparagraph (B) of subdivision (3) of subsection (d) of Section 12-723-1 of this part, a penalty shall apply to such balance in accordance with Section 12-735 of the General Statutes.

(d) For the definition of "month or fraction thereof," see 12-701(b)-1 of Part XIV.

(Revised eff. 12-19-02, and applies to tax years beginning on or after 1-1-02.)