CT SB00449

Department of Revenue Services must calculate personal income tax paid on capital gains, dividend, and interest income by July 1, 2015

Tax attribution to each taxpayer's capital gains, dividend, and interest income determined by ratio of such income to total Connecticut adjusted gross income

Department shall calculate total personal income tax collected on this income portion for calendar years ending December 31, 2015 and December 31, 2016

Defines key terms including capital gains, dividends, exempt dividends, interest income, resident, and taxpayer for purposes of this calculation

Effective date July 1, 2014