For the calendar year 1991 and each year thereafter, a tax computed as provided in section 12-642 is hereby imposed on the transfer of property by gift during such taxable year by any individual resident or nonresident provided, for the calendar year 1991, such tax shall be imposed only on those gifts which are transferred on or after September 1, 1991.
(June Sp. Sess. P.A. 91-3, S. 136, 168.)
History: June Sp. Sess. P.A. 91-3, S. 136 effective August 22, 1991, and applicable to gifts made on or after September 1, 1991.
Structure Connecticut General Statutes
Section 12-640. - Imposition of gift tax.
Section 12-641. - Tax not applicable to transfers outside the state.
Section 12-642. - Rate of tax. Aggregate limit on tax imposed.
Section 12-643. - Definitions.
Section 12-645. - Date of filing of returns. Exception.
Section 12-646. - Appraisal of property by commissioner. Declaration by donor.
Section 12-646a. - Value of farm transferred by gift.
Section 12-648. - Credit against succession tax.
Section 12-649. - Records. Penalties. Administration. Appeals. Collection. Liens.