Connecticut State Department of Revenue Services

Walk-in services at all DRS branch office locations remain suspended. Email DRS at drs@po.state.ct.us. Email the Priority One Taxpayer Assistance Program: DRSPriorityOne_CollectionsAssist@po.state.ct.us. Please check our Frequently Asked Questions page.

Ruling 89-46

Corporation Business Tax

You have inquired as to whether a corporation that makes a I.R.C. § 338(h)(10) election will be allowed that treatment for the purposes of the Connecticut Corporation Business Tax.

It is our conclusion that, for the purposes of the Connecticut Corporation Business Tax, this Department will follow federal law incorporating the effects of an I.R.C. § 338(h)(10) election in computing tax liability.

LEGAL DIVISION

August 15, 1989