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.

This Ruling has been obsoleted by AN 94(2)

Ruling 89-44

Capital Gains, Dividends and Interest Tax

The capital gain recognized by the partnership on January 10, 1989 does qualify for the sixty percent capital gains exclusion. Under the new tax act, capital gains which are earned, received in fact or constructively, accrued or credited to the taxpayer on or before February 8, 1989 are eligible for such exclusion.


August 15, 1989