Connecticut State Department of Revenue Services

WEBINAR: Next up in the Summer Series of Sales and Use Tax Webinars, DRS will be holding a webinar on Wednesday, July 16, 2025, at 10:00 a.m.  This session will provide an overview of the sales and use tax requirements pertaining to Janitorial Services and Maintenance Services. Select here to register.

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).

LEGAL DIVISION

November 15, 1989