CT SB00357

Allows Commissioner of Revenue Services to disclose tax return information in personnel proceedings involving Department of Revenue Services employees or former employees, with restrictions on further disclosure and penalties of up to $1,000 fine or one year imprisonment for violations (effective July 1, 2012).

Increases penalty waiver threshold requiring Penalty Review Committee approval from $500 to $1,000 for the Commissioner of Revenue Services, while maintaining separate authority for the Commissioner of Consumer Protection under chapter 226 (effective July 1, 2012).

Requires persons operating cigarette rolling machines at retail establishments or commercial premises to obtain a cigarette manufacturer's license ($5,250 annual fee) and subjects failure to comply to suspension or revocation of dealer, distributor, or seller permits (effective upon passage).

Changes captive insurance company tax payment deadline from "in the month of March" to "on or before March first" of each year for assumed reinsurance premiums (effective July 1, 2012).

Modifies references to tax code sections applicable to captive insurance companies from sections 12-204 and 12-204d to sections 12-204c through 12-204g, inclusive (effective July 1, 2012 for calendar years beginning January 1, 2012 or later).