Health Care Center Tax Information
- What's New for 2022
- Who Must File a Health Care Center Tax Return
- When to File (Tax Due Dates and Extensions)
- How to File
- Electronic Payment Options
- Estimated Tax Payments
- Interest and Penalties
Requesting a Refund for the Student Loan Payment Tax Credit
Credit to be Issued in the Form of a Refund Application Procedure
Check the Yes box if the insurance company is requesting a refund for the Student Loan Payment tax credit available under Conn. Gen. Stat. § 12‑217qq. Enter the amount of credit refund requested in the space provided on Page 1 of Form 207 HCC. File Form CT‑RSLP, Application for Refund of Student Loan Payment Tax Credits by a Qualified Small Business, separately from Form 207 HCC. Attach Form CT‑SLP, Student Loan Payment Tax Credit, and all required supporting schedules and documentation to Form CT‑RSLP. At the same time as filing Form 207 HCC, mail the completed application and supporting information to:
Department of Revenue Services
State of Connecticut
PO Box 150420
Hartford, CT 06115-0420
Who Must File a Health Care Center Tax Return
Each health care center, as defined in Conn. Gen. Stat. § 38a-175, that is governed by Conn. Gen. Stat. §§ 38a-175 to 38a-194, inclusive, shall pay a tax to the Commissioner of Revenue Services on the total net direct subscriber charges received by such health care center during each such calendar year on any new or renewal contract or policy approved by the Insurance Commissioner under Conn. Gen. Stat. § 38a-183.
Form 207 HCC, Connecticut Health Care Center Tax Return is due on or before March 1 of the succeeding calendar year for health care center tax liability for the preceding calendar year.
To request additional time to file a Connecticut Health Care Center tax return, see Form 207 HCC EXT, Application for Extension of Time to File Connecticut Health Care Center Tax Return.
File and pay Form 207 HCC electronically using myconneCT. See Informational Publication 2022(6), Filing and Paying Connecticut Taxes Electronically.
Visit myconneCT to make an electronic payment. After logging in to myconneCT, find your tax account on the Summary screen, select the Make a Payment link and choose your payment method.
- Pay by Direct Payment: Using this option authorizes DRS to electronically withdraw a payment from your bank account (checking or savings) on a date you select up to the due date.
- Pay by Credit Card or Debit Card: You may elect to pay your tax liability using a credit card (American Express®, Discover®, Master Card®, Visa®) or comparable debit card. A convenience fee will be charged by the credit card service provider. You will be informed of the amount of the fee and may elect to cancel the transaction. Your payment will be effective on the date that you make the charge.
At the end of the transaction, you will receive a confirmation number for your records. As a reminder, even if you pay electronically, you must still file your return by the due date. Tax not paid on or before the due date will be subject to penalty and interest.
ACH credit method users should consult with their banking institution for guidelines to ensure that payment is received timely. (Taxpayers must pre‑register with the DRS Electronic Commerce Unit (ECU) prior to using this option). The taxpayer initiates an electronic payment through their banking institution. This payment must be sent in the ACH standard CCD+TXP format. For more information, see Informational Publication 2022(6), Filing and Paying Connecticut Taxes Electronically.
Each health care center whose health care center tax, after the application of guaranty association assessment offsets and general business tax credits, for the calendar year will be $1,000 or more must file. To file and pay estimated taxes electronically, visit myconneCT.
For estimated health care center tax purposes, a health care center’s required annual payment is the lesser of:
- 90% of the tax shown on its current year Form 207 HCC after the application of guaranty association assessment offsets and general business tax credits; or
- 100% of the tax shown on its prior year Form 207 HCC, Line 17
If a payment due with these coupons is not made on or before the due date of the coupon, interest will accrue at the rate of 1% per month or fraction of a month on the amount not paid from the due date of the coupon until the date of payment.
If the due date falls on a Saturday, Sunday, or legal holiday, the return is considered timely if filed on the next business day.
Please note that each form is year specific. To prevent any delay in processing your return, the correct year’s form must be submitted to the Department of Revenue Services (DRS).
|Estimated Tax Payments|
|Estimated Tax Due Dates||Required Payments Amounts
The estimated for the income year
|First||ESA - Fifteenth day of the third month of the income year||30% of your required annual payment|
|Second||ESB - Fifteenth day of the sixth month of the income year||30% of your required annual payment (A total of 60% of your requirewd annual payment should be paid by this date.)|
|Third||ESC - Fifteenth day of the ninth month of the income year||20% of your required annual payment (A total of 80% of your required annual payment should be paid by this date.)|
|Fourth||ESD - Fifteenth day of the twelfth month of the income year||20% of your required annual payment (A total of 100% of your required annual payment should be paid by this date.)|
In general, interest and penalty apply to any portion of the tax not paid on or before the original due date of the return.
Interest for late payment is 1% per month or fraction of a month from the due date.
Penalty for Late Payment
Penalty for late payment is 10% of the tax due or $50, whichever is greater.