Connecticut General Statutes
Chapter 228b - Controlling Interest Transfer Tax
Section 12-638o. - Filing and collection provisions related to the tax under sections 12-638l to 12-638n, inclusive.

The provisions of sections 12-638a to 12-638k, inclusive, pertaining to the filing of returns, declarations, assessment and collection of taxes and penalties shall be applicable to the tax imposed by sections 12-638l to 12-638n, inclusive.

(P.A. 89-251, S. 53, 203.)
History: P.A. 89-251, S. 53 effective July 1, 1989, and applicable to sales or transfers of real property occurring on or after that date.

Structure Connecticut General Statutes

Connecticut General Statutes

Title 12 - Taxation

Chapter 228b - Controlling Interest Transfer Tax

Section 12-638a. - Definitions.

Section 12-638b. - Tax on transfer of controlling interest in entity possessing real property. Rate of tax applied to the value of the real property.

Section 12-638c. - Filing return and payment of tax. Penalty and waiver provisions. Regulations.

Section 12-638d. - Examination of records. Deficiency assessment. Penalty. Limitation of assessment period.

Section 12-638e. - Excess payments.

Section 12-638f. - Claims for refund.

Section 12-638g. - Wilful violations. Penalties.

Section 12-638h. - Records. Examinations. Hearings. Testimony.

Section 12-638i. - Application to commissioner for hearing.

Section 12-638j. - Collection of tax. State lien against real estate as security for tax.

Section 12-638k. - Certain portion of tax collected to be remitted to town in which the real property is located.

Section 12-638l. - Additional tax imposed with that under section 12-638b when the real property conveyed is classified as open space, maritime heritage, farm or forest land at the time of transfer.

Section 12-638m. - Payment of tax imposed by section 12-638l. Classification of the land terminates automatically.

Section 12-638n. - Transfers not subject to the tax under section 12-638l.

Section 12-638o. - Filing and collection provisions related to the tax under sections 12-638l to 12-638n, inclusive.

Section 12-638p. - Certain records to be kept by any entity with respect to which a sale or transfer of controlling interest in such entity is subject to tax under this chapter.