Last year Conn. Gen. Stat. Sec. 12-35 was modified pursuant to Public Act 22-117 such that the Commissioner of the Connecticut Department of Revenue Services cannot collect tax ten years after the date the tax was reported on a return or ten years after the commissioner made a valid final assessment of tax (e.g., pursuant to an audit).. Any taxes that remain unpaid on the first day of the eleventh year succeeding the date of the return filing or assessment shall be deemed abated. This statute of limitation does not apply when a taxpayer has entered into agreement with the Department pursuant to Conn. Gen. Stat. Sec. 12-2d or 12-2e, or to taxes secured by a lien on real or personal property of the taxpayer.
For those taxpayers that filed a return or had an assessment finalized in 2012, it may truly be a happy new year, because, subject to the exceptions noted above, that tax assessment is now abated.
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