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CT-247 (8/09) Staple forms here New York State Department of Taxation and Finance Application for Exemption from Corporation Franchise Taxes by a Not-for-Profit Organization Employer identification.

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The corporation business tax is a “tax on the privilege of carrying on a business in a corporate capacity in Connecticut.” It imposes a 7½% tax on the Connecticut net income of corporations subject to the tax (unless the amount of tax due under the alternative capital base method is higher).

For S-corporations, the FDM tax is based on the corporation's New York State receipts and is as follows: $25 – Receipts not exceeding $100,000. $50 – Receipts exceeding $100,000 but not more than $250,000. $175 – Receipts exceeding $250,000 but not more than $500,000.

When filing as a C-Corp, your LLC will need to pay the 21% federal corporate income tax rate along with the 7.5% Connecticut corporate tax rate.

A 10% surcharge on the corporate tax, which was set to expire for income years commencing after December 31, 2022. However, under the Governor's proposal, the 10% surcharge would be extended for three additional years (i.e the surcharge would be applicable for years commencing prior to January 1, 2026).

Connecticut currently has a 7.5% corporate tax rate that is levied on gross taxable income of most businesses and corporations doing business in the state.

Corporation - A corporation can request a five month extension of time to file a Connecticut Form CT-1120. Corporations whose year ends June 30 can request a six-month extension.

The corporation business tax is a “tax on the privilege of carrying on a business in a corporate capacity in Connecticut.” It imposes a 7½% tax on the Connecticut net income of corporations subject to the tax (unless the amount of tax due under the alternative capital base method is higher).

Fixed dollar minimum tax for general business taxpayers For a corporation with New York State receipts of:TaxNot more than $100,000$25More than $100,000 but not over $250,000$75More than $250,000 but not over $500,000$175More than $500,000 but not over $1,000,000$5008 more rows • Jan 9, 2023

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232