Sec. 12-481. Bond for payment of tax.
Sec. 12-481. Bond for payment of tax. A motor carrier may give a bond, issued
by a surety company authorized to issue bonds in the state, in an amount satisfactory
to the Commissioner of Revenue Services which shall be not less than one thousand
dollars or more than ten thousand dollars payable to the state of Connecticut and conditioned that the carrier will pay all taxes due and to become due under this chapter from
the date of the bond to the date when either the carrier or the bonding company notifies
the Commissioner of Revenue Services that the bond has been cancelled. As long as
the bond remains in force, the Commissioner of Revenue Services may order refunds
to the motor carrier in the amounts appearing to be due on applications filed by the
carrier under section 12-480 without first auditing the records of the carrier. The surety
shall be liable for all omitted taxes assessed against the carrier, including the penalties
and interest on such taxes provided in section 12-488, even though the assessment is
made after cancellation of the bond, but only for such taxes due and payable while the
bond was in force and penalties and interest on such taxes.
(1961, P.A. 575, S. 4; February, 1965, P.A. 66, S. 1; P.A. 77-614, S. 139, 610; P.A. 06-196, S. 90.)
History: 1965 act made amount of bond dependent upon commissioner's decision within limits of $1,000 minimum
and $10,000 maximum, previously bond was $10,000 without exception; P.A. 77-614 substituted commissioner of revenue
services for tax commissioner, effective January 1, 1979; P.A. 06-196 made technical changes, effective June 7, 2006.