State and Local Tax (SALT)
Summary. From September 16, 2013 through November 15, 2013, the Connecticut Department of Revenue Services will be conducting a wide-ranging tax amnesty program for pre-November 30, 2012 tax years for all types of Connecticut taxes except the motor carrier road tax. Background.
The enactment of the Small Business Job protection Act of 1996 expanded the differences in grantor trust rules for foreign and domestic trusts. At the same time, it narrowed the distributable net income (DNI) computation rules for foreign trusts. These changes leave little room for interpretation-with one major exception.