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.

This information is not current and is being provided for reference purposes only

Ruling 89-5

Capital Gains, Dividends and Interest Tax

This Ruling has been obsoleted by AN 94(2)

The distribution paid to shareholders of the Treasury Trust Portfolio would be subject to the dividends tax, where those shareholders are natural persons who are residents of Connecticut. The fact that the distributions are derived from direct U.S. Government obligations and from repurchase agreements collateralized by U.S. Government obligations is not pertinent, because the shareholders are not the owners of such obligations.

LEGAL DIVISION

April 3, 1989