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Truckers, Petroleum Dealers Brace for Likely Diesel Tax Hike

Truckers, Petroleum Dealers Brace for Likely Diesel Tax Hike

by The Associated Press | Jun 9, 2022 | Banking & Lending, Commercial & Industrial, CR Daily, Industry News

The trucking industry, petroleum dealers and others are bracing for a possible double-digit increase in Connecticut’s diesel tax on July 1. The regularly scheduled adjustment comes as diesel prices are rising across the state.

State Sees Big Jump in Revenue from New Internet Sales Tax Law

State Sees Big Jump in Revenue from New Internet Sales Tax Law

by The Associated Press | Feb 20, 2019 | Commercial & Industrial, CR Daily, Industry News

After the December enactment of a new Connecticut law forcing online vendors to remit sales taxes for merchandise sold by other individuals and entities using their websites, the state registered a 34 percent increase in sales tax collections compared to December 2017.

Former Tribal Chairman Disputes State Cigarette Tax

Former Tribal Chairman Disputes State Cigarette Tax

by The Associated Press | Oct 9, 2018 | Banking & Lending, CR Daily, Industry News

A former Mashantucket Pequot Tribal Chairman said he plans to take the state of Connecticut to court over Native American-made cigarettes.

Connecticut’s Sales Tax-Free Week Fast Approaching

by The Associated Press | Aug 13, 2018 | Banking & Lending, CR Daily, Industry News

Connecticut’s 18th annual sales tax-free week is fast approaching. Consumers will not have to pay the state’s 6.35 percent sales tax on retail purchases of most clothing and footwear items that are priced under $100.

DRS Announces Tax-Free Holiday Dates And Details

DRS Announces Tax-Free Holiday Dates And Details

by The Commercial Record | Aug 11, 2016 | CR Daily, Executive Briefing, Industry News

The Department of Revenue Services recently announced that the state’s annual weeklong tax-free holiday will occur Aug. 21 through Aug. 27.

State Taxpayers Being Targeted In New Email Scam

State Taxpayers Being Targeted In New Email Scam

by The Commercial Record | Feb 16, 2016 | Executive Briefing, Industry News

The Department of Revenue Services (DRS) is warning Connecticut taxpayers of a new email scam. Taxpayers have reported receiving email messages about a “Connecticut state income tax verification exercise,” according to DRS Commissioner Kevin Sullivan. They are then...

State Beefs Up Anti-Fraud Tax Protection

by The Commercial Record | Jan 21, 2016 | Executive Briefing, Industry News

Commissioner of Revenue Services Kevin Sullivan has announced that the Department of Revenue Services (DRS) has been taking steps to strengthen anti-fraud protection during the 2015 income tax filing season. According to Sullivan, last year, the state stopped over $38...

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