December 10, 1991
TO: PENSION COMMITTEE NO. 40-91
RE: CONNECTICUT ANNOUNCES PENSION WITHHOLDING
REQUIREMENT UPON RECIPIENT REQUEST
__________________________________________________________
Attached is a copy of Special Notice SN 91(25), issued by
the Connecticut Department of Revenue Services on November 27,
1991, which describes the requirements to withhold Connecticut
income tax from payments of pensions and annuities made to
Connecticut residents.
Under the Special Notice, payers of pensions and annuities
maintaining an office or transacting business in Connecticut will
be required to withhold Connecticut income tax from payments made
on or after January 1, 1992, to Connecticut residents if
requested to do so by resident recipients. The Department has
also issued 1992 Form CT-W4P, which, according to the Special
Notice, must be provided to resident recipients of pension or
annuity payments. In the alternative, the payer may design its
own form, provided that it contains the same information as the
1992 Form CT-W4P.
We will keep you informed of developments.
Kathy D. Ireland
Associate Counsel - Pension
Attachment