Sec. 12-419a. Sales tax liability subject to penalty or interest and which is outstanding on July 1, 1990.
Sec. 12-419a. Sales tax liability subject to penalty or interest and which is outstanding on July 1, 1990. In the case of any tax which is subject to penalty or interest,
or both, pursuant to section 12-414, 12-415, 12-416 or 12-419, which is outstanding on
July 1, 1990, and which is not the subject of a payment schedule or settlement between
the Commissioner of Revenue Services and the taxpayer, the taxpayer shall be required
to pay a penalty on the amount of such tax outstanding on said date in the amount of
five per cent and shall be subject to interest at the rate of one and two-thirds per cent
per month or fraction thereof for each month or portion thereof commencing on or after
July 1, 1990.
(P.A. 90-148, S. 13, 34; P.A. 94-175, S. 3, 32; May Sp. Sess. P.A. 94-4, S. 80, 85; P.A. 95-160, S. 64, 69.)
History: P.A. 94-175 made a technical change in the statutory reference, effective June 2, 1994; May Sp. Sess. P.A.
94-4 revised effective date of P.A. 94-175 but without affecting this section; P.A. 95-160 revised effective date of May
Sp. Sess. P.A. 94-4 but without affecting this section.