As was previously reported on this blog, due to COVID-19 there is a temporary suspension of the ten-cent fee on the distribution of each single-use plastic bag effective through June 30, 2020. The Department of Revenue Services has indicated that the suspension of the tax to June 30 will not be extended and taxpayers
In Announcement 2020(7) the Department of Revenue Services (“DRS”) announced that it was extending the time that a taxpayer has to file certain administrative protests with the DRS’s Appellate Division in response to a notice of assessment or a proposed disallowance of a claim for refund. In addition, the DRS has extended the time that
In response to the COVID-19 pandemic, the Department of Revenue Services announced on March 30, 2020 that the March and April due date (and associated payment) for sales and use tax returns or room occupancy tax returns to be filed by taxpayers with $150,000 or less of annual tax liability has been extended to May
In a joint statement issued Friday by three State agencies, including the Department of Revenue Services, the agencies announced the temporary suspension, through May 15, 2020, of the ten-cent fee that became effective during the summer of 2019 on the distribution of each single-use plastic bag in Connecticut. The suspension of the fee
Auctions are a fun way for a charity to raise money. In a Connecticut auction, the auctioneer is deemed to be the retailer for sales tax purposes. Sales of tangible personal property or enumerated services at an auction are subject to Connecticut sales taxation to the same extent as any other retail sale in the
On June 26, 2019, Governor Ned Lamont signed a $43.4 billion budget for the 2020 and 2021 fiscal years. The biennial budget addresses the projected $3.7 billion budget deficit for the period, but still increases spending by 1.7% in the 2020 fiscal year, and by 3.4% in the 2021 fiscal year. Although a letter dated
As followers of this blog know, and as explained in our 2018 Connecticut Tax Law Update, Connecticut imposes sales tax economic nexus.
In Connecticut, the definitions of the terms “engaged in business in the state” and “retailer” have been modified so as to now subject to Connecticut taxing jurisdiction, to the extent not prohibited
Shipman & Goodwin attorney Louis Schatz will present a Connecticut Tax Update at the Westchester/Rockland Chapter NYSSCPA Tax Conference.
Continue Reading 2018 NYSSCPA Tax Conference
Shipman & Goodwin attorney Louis Schatz will present on Connecticut state tax updates during the Tri-State Tax Update. The event is hosted by the National Conference of CPA Practitioners (NCCPAP), Westchester/Rockland Chapter. For more information and to register, visit the NCCPAP event page.
Although the 2018 legislative session of the Connecticut General Assembly ended with the adoption of bipartisan budget legislation, it was marked by a continued failure to conduct a more holistic review of the state’s sources of expense and revenue. Such a review was invited by the 2015 report of the State Tax Panel and the more recent report of the Commission on Fiscal Stability and Economic Growth, but there seemed to be little appetite for debate on the subject in this gubernatorial election year.
Continue Reading 2018 Connecticut Tax Developments: A Year of Reaction Rather Than Proaction