Bill > HB07177

This bill modifies Connecticut's estate tax filing deadline, extending the time for estate tax payment from six months to nine months for decedents dying on or after July 1, 2025. Currently, for estates of decedents dying between July 1, 2009, and July 1, 2025, the tax is due within six months of the date of death. After July 1, 2025, the deadline will change to nine months. The bill maintains existing provisions regarding penalties for late payment, which include a 10% penalty or $50 (whichever is greater) and interest at 1% per month. The Commissioner of Revenue Services retains the authority to extend payment time for reasonable cause and can require a tentative return. The bill also preserves rules about interest on overpayments, which will now be calculated based on the new nine-month timeframe for applicable estates. This change provides estate executors, administrators, and other responsible parties with additional time to manage and file estate tax returns.

Budget and Finance

Finance, Revenue and Bonding Committee (J)

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB07177&which_year=2025