Chapter 228b. Controlling Interest Transfer Tax
Section
12-638aDefinitions.12-638bTax on transfer of controlling interest in entity possessing real property. Rate of tax applied to the value of the real property.12-638cFiling return and payment of tax. Penalty and waiver provisions. Regulations.12-638dExamination of records. Deficiency assessment. Penalty. Limitation of assessment period.12-638eExcess payments.12-638fClaims for refund.12-638gWilful violations. Penalties.12-638hRecords. Examinations. Hearings. Testimony.12-638iApplication to commissioner for hearing.12-638jCollection of tax. State lien against real estate as security for tax.12-638kCertain portion of tax collected to be remitted to town in which the real property is located.12-638lAdditional tax imposed with that under section 12-638b when the real property conveyed is classified as open space, maritime heritage, farm or forest land at the time of transfer.12-638mPayment of tax imposed by section 12-638l. Classification of the land terminates automatically.12-638nTransfers not subject to the tax under section 12-638l.12-638oFiling and collection provisions related to the tax under sections 12-638l to 12-638n, inclusive.12-638pCertain records to be kept by any entity with respect to which a sale or transfer of controlling interest in such entity is subject to tax under this chapter.12-63912-639