Connecticut Seal

General Assembly

Amendment

 

January Session, 2007

LCO No. 8806

   
 

*HB0743208806SRO*

Offered by:

 

SEN. DELUCA, 32nd Dist.

SEN. MCKINNEY, 28th Dist.

SEN. NICKERSON, 36th Dist.

SEN. CALIGIURI, 16th Dist.

SEN. CAPPIELLO, 24th Dist.

SEN. DEBICELLA, 21st Dist.

SEN. FASANO, 34th Dist.

SEN. FREEDMAN, 26th Dist.

SEN. GUGLIELMO, 35th Dist.

SEN. HERLIHY, 8th Dist.

SEN. RORABACK, 30th Dist.

To: House Bill No. 7432

File No.

Cal. No.

After the last section, add the following and renumber sections and internal references accordingly:

"Sec. 501. Subsections (c) and (d) of section 12-264 of the general statutes are repealed and the following is substituted in lieu thereof (Effective July 1, 2007):

(c) (1) Each electric distribution company, as defined in section 16-1, or municipality, or department or agency thereof, or district manufacturing, selling or distributing electricity to be used for light, heat or power, providing electric transmission services, as defined in said section 16-1, or electric distribution services, as defined in said section 16-1, shall pay a quarterly tax upon its gross earnings in each calendar quarter at the rate of (A) [eight and one-half] four and one-quarter per cent of its gross earnings from providing electric transmission services or electric distribution services allocable to other than residential service, and (B) [six and eight-tenths] three and four-tenths per cent of such gross earnings from providing electric transmission services or electric distribution services allocable to residential service.

(2) For purposes of this subsection, gross earnings from providing electric transmission services or electric distribution services shall include (A) all income classified as income from providing electric transmission services or electric distribution services by the Department of Public Utility Control in the uniform system of accounts prescribed by said department and (B) the competitive transition assessment collected pursuant to section 16-245g, other than any component of such assessment that constitutes transition property as to which an electric distribution company has no right, title or interest pursuant to subsection (a) of section 16-245h, the systems benefits charge collected pursuant to section 16-245l, and the assessments charged under sections 16-245m and 16-245n. Such gross earnings shall not include income from providing electric transmission services or electric distribution services to a company described in subsection (c) of section 12-265.

(3) Each electric distribution company and municipality, or department or agency thereof, or district manufacturing, selling or distributing electricity to be used for light, heat or power shall, on or before the last day of January, April, July and October of each year, render to the Commissioner of Revenue Services a return on forms prescribed or furnished by the commissioner and signed by its treasurer, or the person performing the duties of treasurer, or of an authorized agent or officer, with such other information as the Commissioner of Revenue Services deems necessary.

(d) The tax imposed by this chapter is due and payable to the Commissioner of Revenue Services quarterly on or before the last day of the month next succeeding each calendar quarter. "