Highway Use Fee - Registration is now open for certain carriers to register for the new Connecticut Highway Use Fee - Click here for more information.

IMPORTANT INFORMATION - the following tax types are now available in myconneCT: Individual Income Tax, Attorney Occupational Tax, Unified Gift and Estate Tax, Controlling Interest Transfer Tax, and Alcoholic Beverage Tax. - Click here for the latest information.

Ruling 89-217

Corporation Business Tax

Please be advised that capital losses pursuant to section 12-217(a) of the Connecticut General Statutes may only be used to offset net capital gains. In the examples that you have cited, there would exist a combined taxable income of $200 (Y Corporation having taxable income of $100).


November 15, 1989