Bill 251 Summary

• Repeals and revises Section 12-15 of Connecticut's tax statutes effective October 1, 2024, establishing rules for disclosure and inspection of tax returns and return information by state officials, federal agencies, and other authorized entities with written requests and safeguards.

• Corrects statutory cross-references from section 20-601 to 32-601 regarding the Capital Region Development Authority and apartment property tax assessments, and updates language regarding residential dwelling tax relief on leased land.

• Modifies small business tax credit refund provisions to reference section 12-39g instead of 12-39h, establishes a 70 percent cap on aggregate tax credits for income years after January 1, 2024, and updates protest and assessment procedures for cigarette tax deficiencies.

• Updates administrative procedures for tax assessments, appeals, and hearings by changing language from "petition for reassessment" to "written protest" and establishing 60-day filing deadlines for taxpayer objections.

• Makes technical corrections to pension and retirement fund provisions (sections 7-425, 7-436, 7-439b), updates probate court fee interest calculations, clarifies federal mail delivery service references, and repeals outdated Social Services Commissioner provisions, with most changes effective October 1, 2024.