Sec. 12-517. Extension of time for filing return and paying tax.
Sec. 12-517. Extension of time for filing return and paying tax. The commissioner may for reasonable cause extend the time for the filing of any return due under
this chapter and the payment of tax due thereon under such rules and regulations as he
shall prescribe. Said commissioner may require the filing of a tentative return and the
payment of an estimated tax. Any additional tax which may be found to be due on the
filing of a final return as allowed by such extension shall bear interest at the rate of one
and one-fourth per cent per month or fraction thereof from the original due date of such
tax to the date of actual payment.
(June, 1969, P.A. 1, S. 38; June, 1971, P.A. 8, S. 17; P.A. 81-411, S. 38, 42.)
History: 1971 act increased interest rate from 0.75% to 1%; P.A. 81-411 increased interest on tax due on final return
after an extension of time for filing to 1.25% per month, effective July 1, 1981, and applicable to taxes becoming due on
or after that date.
Authority delegation not unconstitutional. 163 C. 478.
Cited. 44 CS 126.