Sec. 3-114g. Recording of corporation business tax revenue received at end of fiscal year.
Sec. 3-114g. Recording of corporation business tax revenue received at end of
fiscal year. At the end of each fiscal year, commencing with the fiscal year ending on
June 30, 1990, the Comptroller is authorized to record as revenue for such fiscal year,
the amount of revenue related to the tax imposed under chapter 208 for such fiscal year
which is received by the Commissioner of Revenue Services not later than five business
days after the August fifteenth immediately following the end of such fiscal year.
(P.A. 90-148, S. 6, 34; P.A. 96-221, S. 5, 25; P.A. 99-173, S. 56, 65; P.A. 03-2, S. 37; P.A. 05-145, S. 5.)
History: P.A. 96-221 authorized accrual of tax payments postmarked by August fifteenth and made provision for accrual
if August fifteenth is a Saturday, Sunday or legal holiday, effective June 4, 1996; P.A. 99-173 changed the accrual date
from "the fifteenth day of August" to "the last day of July", effective July 1, 1999; P.A. 03-2 changed the accrual date
from "the last day of July" to "the fifteenth day of August", effective February 28, 2003; P.A. 05-145 changed date of
receipt of payment to not later than five business days after the fifteenth day of August, effective June 24, 2005.