Regulations of Connecticut State Agencies — Title 12
Conn. Agencies Regs § 12-708-4
Short taxable year resulting from a change in accounting
period
Where a short taxable year for federal income tax purposes results from a change in accounting period, a person shall, where any of the conditions provided for in § 12-740-6 of Part XI are met, also file a Connecticut income tax return for such short taxable year. Such person's Connecticut taxable income shall be computed on the basis of the period for which the Connecticut income tax return is made and in accordance with the rules applicable to the determination of Connecticut taxable income generally, except that the amount of the personal exemption provided for in Section 12-702 of the general statutes that shall be allowed is that amount which bears the same ratio to the Connecticut exemption allowed as the number of months in the short taxable year bears to 12 months.
Amendment history
November 18, 1994
Source: official regulations index (title 12 publishes as one PDF)
Nearby sections (25 sections)
- 12-705(c)-1 · Voluntary withholding other than by employers
- 12-705(c)-2 · Voluntary withholding by employers
- 12-705(c)-3 · Voluntary withholding for military retirees
- 12-705(c)-4 · Voluntary withholding for civil service retirees
- 12-706(b)-1 · Wage and tax statement
- 12-706(c)-1 · Withheld amounts to be credited against income tax…
- 12-707-1 · Schedule for filing withholding tax returns and payment of
- 12-707-2 · Liability for tax
- 12-707-3 · Withheld taxes trust fund
- 12-708-1 · Accounting period
- 12-708-2 · Change of accounting period
- 12-708-3 · Method of changing accounting period
- 12-708-4 · Short taxable year resulting from a change in accounting
- 12-708-5 · Connecticut returns of trusts, estates or partnerships for…
- 12-708-6 · Accounting methods
- 12-708-7 · Change of accounting method
- 12-708-8 · Change other than from accrual to installment method of
- 12-708-9 · Change from accrual to installment method of accounting
- 12-711(b)-1 · Connecticut adjusted gross income derived from or…
- 12-711(b)-2 · Income and deductions from Connecticut sources—general
- 12-711(b)-3 · Items attributable to real or tangible personal property
- 12-711(b)-4 · Business, trade, profession or occupation carried on in…
- 12-711(b)-5 · Income from intangible personal property
- 12-711(b)-6 · Deductions with respect to capital losses, passive…
- 12-711(b)-7 · Compensation not constituting income derived from…