Connecticut State Department of Revenue Services

Holiday Closing: The Department of Revenue Services will be closed on Monday, November 11, a state holiday.

Upcoming CT DRS webinar: Select to register for the upcoming Withholding Forms W-2 and 1099 Annual Filing Webinar on Wednesday, December 4, 2024, at 10:00 a.m.

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.

LEGAL DIVISION

August 15, 1989