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 information is not current and is being provided for reference purposes only

Ruling 89-5

Capital Gains, Dividends and Interest Tax

This Ruling has been obsoleted by AN 94(2)


The distribution paid to shareholders of the Treasury Trust Portfolio would be subject to the dividends tax, where those shareholders are natural persons who are residents of Connecticut. The fact that the distributions are derived from direct U.S. Government obligations and from repurchase agreements collateralized by U.S. Government obligations is not pertinent, because the shareholders are not the owners of such obligations.

LEGAL DIVISION

April 3, 1989