Connecticut General Statutes (Tax)
Conn. Gen. Stat. § 12-204f
Overpayment of estimated and final taxes
# (a)
If any domestic insurance company has paid as an installment of estimated tax an amount in excess of the amount determined to be the correct amount of such installment, such amount shall be credited against any unpaid installment or against the tax. If the amount already paid, whether or not on the basis of installments, exceeds the amount determined to be the correct amount of the tax, such company shall be paid by the State Treasurer, upon order of the Comptroller, the amount of such overpayment.
# (b)
If any domestic insurance company has filed its tax return under this chapter for the calendar year on or before the due date of such return or, if an extension of time to file has been requested and granted, on or before the extended due date of such return, any overpayment reported on such return, if the company has elected to credit such overpayment against the company's estimated tax for the succeeding calendar year, shall be treated as if paid on the due date of the first required installment of estimated tax for such succeeding calendar year. Such overpayment shall be credited against the otherwise unpaid required installments in the order in which such installments are required to be paid under section 12-204c. (June, 1969, P.A. 1, S. 9; P.A. 95-327, S. 8, 10; P.A. 13-232, S. 16.) History: P.A. 95-327 added authority for commissioner to prescribe regulations re crediting overpayment against estimated tax, effective July 1, 1995, and applicable to estimated corporation business taxes for income years commencing on or after January 1, 1996; P.A. 13-232 designated existing provisions as Subsec. (a) and amended same to delete regulations authority and added Subsec. (b) re treatment of overpayments on tax returns, effective July 1, 2013, and applicable to estimated tax payments for calendar years commencing on and after January 1, 2014. (Return to ChapterTable of Contents) (Return toList of Chapters) (Return toList of Titles)
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In this chapter (26 sections)
- 12-201 · Definitions
- 12-201a · Definitions
- 12-202 · Tax on direct premiums of domestic insurance companies.…
- 12-202a · Tax on net direct subscriber charges of health care centers.…
- 12-202b · Tax credit for providers of HUSKY coverage
- 12-202c · Supplemental payments to providers of HUSKY coverage
- 12-203 · Tax on receipts of interest and dividends by domestic companies
- 12-204 · Deficiency assessment or reassessment
- 12-204c · Installment payments. Interest on unpaid installments
- 12-204d · Payment and disposition of installments
- 12-204e · Liability of fiduciary conducting or liquidating business
- 12-204f · Overpayment of estimated and final taxes
- 12-204g · Regulations
- 12-205 · Annual return. Extensions
- 12-206 · Penalties for late filing and wilful submission of fraudulent…
- 12-207 · Oaths and subpoenas
- 12-208 · Application for administrative hearing and appeal therefrom to…
- 12-209 · Tax to be in lieu of certain other taxes
- 12-210 · Tax on net direct premiums of nonresident and foreign companies
- 12-210a · Deduction by nonresident companies of benefit payments from…
- 12-211 · Reciprocity
- 12-211a · Limit on credits under this chapter. Exceptions
- 12-211b · Order of credits claimed
- 12-211c · Transfer of credit to affiliate
- 12-212 · Provisions of the tax on domestic companies pertaining to…
- 12-212a · Annual state charge applicable to hospital service…