The Connecticut Department of Revenue Services (DRS) has extended the 2024 filing and payment deadline for state composite income tax and pass-through entity tax (PTET) returns to 15 April 2025.
The extension comes as DRS works with software companies to integrate the new forms, a process unlikely to be completed before the original deadline of 15 March 2025.
Pass-through entity tax optional starting 1 January 2024
Legislation makes the pass-through entity tax optional. The election is made annually and is irrevocable. Starting with taxable years commencing on and after January 1, 2024, any entity that elects to pay such tax must give the Commissioner of Revenue Services written notice for each tax year it makes the election. It must do so no later than the due date (or extended due date) for filing the return.
