Regulations of Connecticut State Agencies — Title 12
Conn. Agencies Regs § 12-204c-1
Estimated tax payments for short years
# (a)
Definitions. In this section:
# (1)
''Companies'' means insurance companies, as defined in section 12-201(4) of the Connecticut General Statutes; hospital and medical service corporations, as described in section 12-212a of the Connecticut General Statutes; and health care centers, as defined in section 38a-175 of the Connecticut General Statutes;
# (2)
''Required annual payment'' means the required annual payment, as defined in section 12-204c(d)(2) of the Connecticut General Statutes; and
# (3)
''Short taxable year'' means a period of less than 12 months.
# (b)
How many instalments are required? Use the chart below to determine how many instalments a company is required to make. In determining how many instalments are required, treat a portion of a month as a full month.
The number of estimated tax
For short installments The percentage of the required annual taxable years that shall be Which are due on or payment that is due with each of: made is: before the 15th day of the: instalment is:
1 month or less 0 — —
Last month of the short tax-2 to 3 months 1 100% of the required annual payment.
able year.
30% of the required annual payment for the first instalment, and 3rd and last months of the 4 to 6 months 2 short taxable year.
70% of the required annual payment for the second instalment.
30% of the required annual payment for the first instalment;
3rd, 6th and last months of 30% of the required annual payment for 7 to 9 months 3 the short taxable year. the second instalment; and 40% of the required annual payment for the third instalment.
30% of the required annual payment for the first instalment;
30% of the required annual payment for the second instalment;
3rd, 6th, 9th and last months 10 to 11 months 4 of the short taxable year.
20% of the required annual payment for the third instalment; and 20% of the required annual payment for the fourth instalment.
Amendment history
May 3, 2001
Source: official regulations index (title 12 publishes as one PDF)
Nearby sections (25 sections)
- 12-129d-2 · Penalty waiver procedure
- 12-130a-1 · Tax collector certification
- 12-130a-2 · Eligibility requirements
- 12-130a-3 · C.C.M.C. courses
- 12-130a-4 · Comprehensive examination application procedure
- 12-130a-5 · Experience requirements for C.C.M.C. designation
- 12-170aa-1 · Application for reimbursement
- 12-170aa-2 · Notification, reconsideration and certification of…
- 12-170aa-3 · Penalty forfeit
- 12-170aa-4 · Penalty waiver procedures
- 12-170f-1 · Penalty forfeit
- 12-170f-2 · Penalty waiver procedure
- 12-204c-1 · Estimated tax payments for short years
- 12-213-1 · Definitions
- 12-213-2 · Prohibition against double deductions and/or exclusions
- 12-214-1 · Carrying on, or having the right to carry on, business
- 12-214-2 · Companies exempt from tax
- 12-217-1 · Carryovers
- 12-217-2 · Repealed, February 25, 2000
- 12-217g-1 · Authority
- 12-217g-2 · Definitions
- 12-217g-3 · Eligibility
- 12-217g-4 · Method of computation
- 12-217g-5 · Limitations
- 12-217g-6 · Registration procedures