Form Ct-1040 Nr/py - Connecticut Nonresident And Part-Year Resident Income Tax Return And Instructions - 2011 Page 4
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56Tax Recapture for Taxpayers with Higher Adjusted
Interest on Underpayment of Estimated Income
Gross Income
Tax for 2011
For taxable years beginning on or after January 1, 2011, a
For 2011, DRS recognizes that despite good faith efforts there
taxpayer whose Connecticut adjusted gross income (AGI)
may be situations where taxpayers will be under withheld due to
exceeds the income thresholds specifi ed below, in addition to
2011 legislative changes affecting the Connecticut income tax.
computing his or her Connecticut income tax liability using the
Employers and taxpayers who fi nd themselves under withheld
applicable tax rates, and in addition to applying the 3% phase-out
because of the temporary “catch-up” withholding requirements
provision, is required to add to the tax otherwise computed, the
will not be held liable for any associated interest and/or penalty
following recapture amount of tax as follows.
on underpayment of estimated income tax for 2011.
Single or fi ling separately
2012 Income Tax Withholding
$75 for each $5,000 (or part of $5,000) by which the taxpayer’s
For Taxable Year 2012: If you made changes to your
Connecticut AGI exceeds $200,000. The maximum recapture
withholding in 2011, please be advised that your employer will
amount is $2,250.
continue to withhold the amount of Connecticut income tax that
Head of household
you requested unless you provide your employer with a new
Form CT-W4, Employee’s Withholding Certifi cate.
$120 for each $8,000 (or part of $8,000) by which the taxpayer’s
Connecticut AGI exceeds $320,000. The maximum recapture
Therefore, as the “catch-up” withholding requirements for 2011
amount is $3,600.
do not apply in 2012, employees who changed their withholding
must check with their respective payroll offi ces or departments
Filing jointly or qualifying widow(er)
to determine the date by which they must submit a new Form
$150 for each $10,000 (or part of $10,000) by which the
CT-W4 in order for said form to be effective by January 1, 2012.
taxpayer’s Connecticut AGI exceeds $400,000. The maximum
recapture amount is $4,500.
Angel Investor Tax Credit
Effective October 27, 2011, the minimum cash investment
Connecticut Lottery Winners who are Delinquent
required to qualify for the angel investor tax credit was reduced
Taxpayers
from $100,000 to $25,000. See Angel Investor Tax Credit, on
DRS is required to provide to the Connecticut Lottery
Page 15. (Connecticut Public Act 11-1, §29, October Special
Corporation a list of delinquent taxpayers who have an unpaid
Session, amended Conn. Gen. Stat. §12-704d(b))
tax liability, including penalties and interest, more than 30 days
old, from the date on which the taxes were due, that is not the
subject of a timely administrative appeal to DRS or a timely-
fi led appeal pending before any court.
On or after January 1, 2012, the Connecticut Lottery Corporation
will check the name of any person who submits a lottery claim
of $5,000 or more against the delinquent taxpayer list provided
by DRS. If there is a match, the Connecticut Lottery Corporation
will deduct and withhold from the lottery prize payment payable
to that person the amount of the tax liability specifi ed on the
delinquent taxpayer list.
Use Tax
Use tax is due when taxable purchases are made but Connecticut
sales tax is not paid. The general use tax rate for purchases made
on or before June 30, 2011, is 6%. For purchases made on or
after July 1, 2011, the general use tax rate is 6.35%. However,
the following items are subject to a 7% use tax rate: Most motor
vehicles exceeding $50,000; a vessel exceeding $100,000; each
piece of jewelry exceeding $5,000; each piece of clothing or pair
of footwear exceeding $1,000; a handbag, luggage, umbrella,
wallet, or watch exceeding $1,000. See Schedule 3 - Individual
Use Tax on Page 37, and Informational Publication 2011(15),
Q&A on the Connecticut Individual Use Tax.
Page 4
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