Source: http://ct.gov/drs/cwp/view.asp?a=1508&q=266448&tx=0
Timestamp: 2018-01-23 04:00:50
Document Index: 464067691

Matched Legal Cases: ['§12', '§12', '§12', '§64', '§12', '§64']

DRS: AN 96(10), Effective Date Of Repeal Of Gross Earnings Tax On Water Companies
AN 96(10)
Effective Date Of Repeal Of Gross Earnings Tax On Water Companies
PURPOSE: The purpose of this Announcement is to correct an error made in SN 96(7), 1996 Legislative Changes Affecting the Utility Companies Gross Earnings Tax, concerning the effective date of the repeal of the tax imposed by Conn. Gen. Stat. §12-264 on the gross earnings, from the sale and distribution of water, of companies operating a system of water works for selling and distributing water for domestic or power purposes.
THE EFFECTIVE DATE OF THE REPEAL OF THE GROSS EARNINGS TAX ON COMPANIES OPERATING A SYSTEM OF WATER WORKS FOR SELLING AND DISTRIBUTING WATER FOR DOMESTIC OR POWER PURPOSES IS CORRECTED: 1994 Conn. Pub. Acts 4, §12 (May Spec. Sess.) provided for the repeal of the tax that is imposed by Conn. Gen. Stat. §12-264 on the gross earnings, from the sale and distribution of water, of companies operating a system of water works for selling and distributing water for domestic or power purposes. The repeal was scheduled to take effect on or after July 1, 1996. However, 1995 Conn. Pub. Acts 160, §64 amended the effective date of 1994 Conn. Pub. Acts 4, §12. Under 1995 Conn. Pub. Acts 160, §64, the repeal is effective with respect to gross earnings from the sale or distribution of water on or after July 1, 1997.
EFFECT OF THIS DOCUMENT: An announcement is a document which alerts taxpayers to important information. Such information may involve new Department policies or procedures.
EFFECT ON OTHER DOCUMENTS: The section of SN 96(7) entitled "Repeal of the Gross Earnings Tax on Companies Operating a System of Water Works for Selling and Distributing water for Domestic or Power Purposes" is modified and superseded.
Gross Earnings Tax
Issued: 10/3/96