Conn. Agencies Regs. § 12-723-3 - Extension of time for payment of Connecticut income tax
(a) The Commissioner may, apart from any
extension of time to file a Connecticut income or withholding tax return, grant
a reasonable extension of time for payment of Connecticut tax upon the filing
on or before the original due date of the Connecticut tax return (determined
without regard to any extension of time) by the taxpayer of a Form CT-1127
(Application For Extension of Time For Payment of Income Tax) that gives
complete information as to the reasons for such taxpayer's inability by reason
of undue hardship, as the term is defined in
26 C.F.R. §
1.6161-1(b), to make payment
of the tax on or before the original due date of the Connecticut tax return
(determined without regard to any extension of time). The period of such
extension shall not be in excess of six months from the original due date of
the Connecticut tax return (determined without regard to any extension of
time). No further extension of time for payment of Connecticut tax shall be
granted by the Commissioner.
(b) If
an extension of time for payment of Connecticut tax has been granted pursuant
to this Section, interest shall be added at the statutory rate under Section
12-723 of
the General Statutes for each month or fraction thereof on any balance due from
the original due date of the Connecticut tax return (determined without regard
to any extension of time) to the date of actual payment. If such balance due is
not paid on or before the extended due date for payment, a penalty shall apply
to such balance in accordance with Section
12-735
of the General Statutes.
(c) If an
extension of time for payment of Connecticut tax has not been granted pursuant
to this section, interest shall be added at the statutory rate under Section
12-735
of the General Statutes for each month or fraction thereof on any balance due
from the original due date of the Connecticut tax return (determined without
regard to any extension of time) to the date of actual payment. Except as
otherwise provided in subparagraph (B) of subdivision (3) of subsection (d) of
Section
12-723-1
of this part, a penalty shall apply to such balance in accordance with Section
12-735
of the General Statutes.
(d) For
the definition of "month or fraction thereof," see §
12-701(b)-1 of Part
XIV.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.