in Storrs .
Written in English
|Statement||by Edwin A. Gere, Jr. [research assistant]|
|Contributions||Gere, Edwin A.|
|LC Classifications||HJ2397 .C6|
|The Physical Object|
|Number of Pages||19|
|LC Control Number||56063239|
Tax Information Who Must File The Corporation Business Tax is a tax imposed on businesses that file as C corporations for federal income tax purposes. If your corporation carries on business or has the right to carry on business in Connecticut, you may have to file an annual Connecticut Corporation Business Tax . new york university institute on state and local taxation Download new york university institute on state and local taxation or read online books in PDF, EPUB, Tuebl, and Mobi Format. Click Download or Read Online button to get new york university institute on state and local taxation book now. This site is like a library, Use. The state of Connecticut has relatively simple sales tax rate, and is one of the few states which does not have a local or county tax in addition to the state sales tax. In addition to the state sales tax, there is a % transfer tax that applies to the sale of motor vehicles, and a 1% tax that applies to certain computer services. Massachusetts’ single-rate individual income tax dropped from to percent for tax year , due to the state meeting revenue targets outlined in a tax trigger law that was enacted in The law established a system by which, in any year in which revenue growth exceeded a specified baseline, the individual income tax rate.
State Income Tax vs. Federal Income Tax Example Consider a single taxpayer who lives in New Hampshire and reports a taxable earned income of . In , he received the NYU Institute on State and Local Taxation Award for Outstanding Achievement in State and Local Taxation. In , he was awarded the Bureau of National Affairs (BNA) Lifetime Achievement Award. He was the winner of the University of Connecticut’s Faculty Excellence in Teaching - Graduate Level. It is my honor to serve the State of Connecticut and you, the taxpayer, as Acting DRS Commissioner. We appreciate the opportunity to answer your questions, provide you with tools and guidance needed to complete tax filings, and report to you on state tax collection and program administration efforts. South Dakota (No Income Tax) Tennessee (No Earned Income Tax) Texas (No Income Tax) Utah TC 3 years Vermont VT No retention requirement; Code 16 requires retention until Dec. 31st of the year the return was filed. Virginia VA 3 years Washington (No Income Tax) West Virginia WV 3 years Wisconsin No separate e-form is required.
Compare state tax rates and rules — on income, ordinary purchases, gas, sin products, property, and more — across the U.S. Hover over or click on any state in the map for the option to add the. A search of legislation introduced in the Connecticut General Assembly since (the year the state income tax was first enacted) shows only one bill that would have authorized towns and certain regional entitled to impose local income taxes. State and Local Personal Income Tax In addition to the federal government, 43 states and many local municipalities require their residents to pay a personal income tax. Learn how to pay your state taxes and find out about resources in your area that can help you through the process. Gain on Sale of Connecticut State and Local Government Bonds You may enter the total of all gains from the sale or exchange of notes, bonds or other obligations from CT used to determine gain (loss) for federal income tax purposes. Connecticut Higher Education Trust (CHET) Contributions (limited to $5,; $10, for MFJ).