The Commissioner of Revenue Services may require the donor or the donee to show the property subject to the tax, as provided in this chapter, to the commissioner upon demand and may employ a suitable person to appraise the property. The donor shall submit a declaration, prescribed as to form by the Commissioner of Revenue Services and bearing notice to the effect that false statements made in such declaration are punishable, that the property shown by said donor on said donor's return to the commissioner includes all of the property transferred by gift for the calendar year involved and not excluded herein.
(June Sp. Sess. P.A. 91-3, S. 142, 168; P.A. 00-174, S. 66, 83.)
History: June Sp. Sess. P.A. 91-3, S. 142, effective August 22, 1991, and applicable to gifts made on or after September 1, 1991; P.A. 00-174 deleted requirement for an affidavit for certain information required to be submitted, added provisions re declaration and made technical changes for purposes of gender neutrality, effective July 1, 2000.
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.