Connecticut General Statutes 12-223c – Minimum tax in combined return
Current as of: 2023 | Check for updates
|
Other versions
Each corporation included in a combined return under § 12-223a shall pay the minimum tax of two hundred fifty dollars prescribed under § 12-219. No tax credit allowed against the tax imposed by this chapter shall reduce an included corporation’s tax calculated under § 12-219 to an amount less than two hundred fifty dollars.
Terms Used In Connecticut General Statutes 12-223c
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.