Connecticut Statutes
§ 12-242ee — Legislative findings.
Connecticut·Title 12 Taxation·Ch. 208b Taxation of Interest on Certain Obligations of the State of Connecticut
It is found and declared that the exemption from the corporation business tax of interest on certain Connecticut state and local obligations may preclude the state from including interest on obligations of the United States in gross income for the purposes of the corporation business tax. It is further found and declared that the taking by the exercise of the power of eminent domain of the rights to exclude from gross income interest on certain state and local obligations for corporation business tax purposes and other related rights is a public use or purpose for the general benefit of the state and its citizens and the promotion of the public welfare. It is further found and declared that the laws governing the refund of taxes should be clarified to ensure that any tax refunds based on t
Free access — add to your briefcase to read the full text and ask questions with AI
Connecticut § 12-242ee (Legislative findings.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(P.A. 95-2, S. 1, 37.) History: P.A. 95-2 effective March 8, 1995.
Nearby Sections
15
§ 12-1
Definitions.§ 12-101
Due date and collection of tax.§ 12-102
Taxing of woodland.§ 12-103
Appeals.§ 12-107a
Declaration of policy.§ 12-107b
Definitions.§ 12-107c
Classification of land as farm land.§ 12-107f
Open space land.