CT HB06394

Delinquency assessments on lottery sales agents who breach fiduciary duties include a penalty of 10% of the amount due (or $10, whichever is greater) plus simple interest at 1.5% per month from the due date until payment

Lottery sales agents whose accounts were delinquent prior to July 1, 2021 and subject to compounding interest may apply for a hardship waiver to reduce their outstanding interest to an amount based on simple interest instead

The commissioner may waive all or part of penalties when the failure to pay was due to reasonable cause and was not intentional or due to neglect

Effective date: July 1, 2021