Connecticut Administrative Code › Title 12 - Taxation › 740(a) - INCOME TAX › Part VI - Credit for income taxes paid to another jurisdiction › Section 12-704(b)-1 - Amended Connecticut income tax return to report any change in the amount of income tax required to be paid to a qualifying jurisdiction

Current through July 10, 2024
(a) If a taxpayer has claimed a credit under
				this part for a taxable year for income tax paid to a qualifying jurisdiction,
				and a change or correction is made to the income tax return of the qualifying
				jurisdiction by the tax officers or other competent authorities of such
				jurisdiction for such taxable year in such a manner that the amount of income
				tax that the taxpayer is finally required to pay to that jurisdiction is
				different from the amount used to determine the credit under this part, the
				taxpayer, on or before the date that is 90 days after the final determination
				of such amount, shall file an amended Connecticut income tax return for the
				taxable year affected, irrespective of any otherwise applicable statute of
				limitations, but only if the change or correction of the income tax return of
				the qualifying jurisdiction increases or decreases the taxpayer's Connecticut
				tax liability (by decreasing or increasing the amount of the credit under this
				part). If such a change or correction so increases the taxpayer's Connecticut
				tax liability, such taxpayer shall be required to pay the additional tax, plus
				interest, to the department for the taxable year affected, irrespective of any
				otherwise applicable statute of limitations. If such a change or correction so
				decreases the taxpayer's Connecticut tax liability, § 12-732(b)-1(b)(1) of
				Part XII shall also apply. If the taxpayer has not filed the required return
				within three months after such final determination, the provisions of §
									12-735(b)-1
				of Part XII shall also apply.
(b)
				If a taxpayer who has claimed a credit under this part for a taxable year for
				income tax paid to a qualifying jurisdiction subsequently files a timely
				amended income tax return for such taxable year with such jurisdiction in such
				a manner that the amount of income tax that the taxpayer is required to pay to
				that jurisdiction is different from the amount used to determine the credit
				under this part, the taxpayer, on or before the date that is 90 days after the
				date of filing of such amended return, shall file an amended Connecticut income
				tax return for the taxable year affected, irrespective of any otherwise
				applicable statute of limitations, but only if the amendment of the income tax
				return of the qualifying jurisdiction increases or decreases the taxpayer's
				Connecticut tax liability (by decreasing or increasing the amount of the credit
				under this part). If such an amendment so increases the taxpayer's Connecticut
				tax liability, such taxpayer shall be required to pay the additional tax, plus
				interest, to the department for the taxable year affected, irrespective of any
				otherwise applicable statute of limitations. If such an amendment so decreases
				the taxpayer's Connecticut tax liability, § 12-732(b)-1(b)(2) of Part XII
				shall also apply. If the taxpayer has not filed the required return within
				three months after the date of filing of such amended return, the provisions of
				§
									12-735(b)-1
				of Part XII shall also apply.
(c)
				While this section pertains to Section
				12-704(b)
				of the Connecticut General Statutes, for purposes of supplementary
				interpretation, as the phrase is used in Section
				12-2
				of the Connecticut General Statutes, the adoption of this section is authorized
				by Section
				12-740(a)
				of the Connecticut General Statutes.