Estimated tax payments for short years

(a) Definitions. In this section: (1) \"Companies\" means insurance companies, as defined in section 12-201(4) of the Connecticut General Statutes; hospital and medical service corporations, as described in section 12-212a of the Connecticut General Statutes; and health care centers, as defined in section 38a-175 of the Connecticut General Statutes; (2) \"Required annual payment\" means the required annual payment, as defined in section 12-204c(d)(2) of the Connecticut General Statutes; and (3) \"Short taxable year\" means a period of less than 12 months. (b) How many instalments are required? Use the chart below to determine how many instalments a company is required to make. In determining how many instalments are required, treat a portion of a month as a full month. For short taxable years of: The number of estimated tax installments that shall be made is: Which are due on or before the 15th day of the: The percentage of the required annual payment that is due with each instalment is: 1 month or less 0 — — 2 to 3 months 1 Last month of the short taxable year. 100% of the required annual payment. 4 to 6 months 2 3rd and last months of the short taxable year. 30% of the required annual payment for the first instalment, and 70% of the required annual payment for the second instalment. 7 to 9 months 3 3rd, 6th and last months of the short taxable year. 30% of the required annual payment for the first instalment; 30% of the required annual payment for the second instalment; and 40% of the required annual payment for the third instalment. 10 to 11 months 4 3rd, 6th, 9th and last months of the short taxable year. 30% of the required annual payment for the first instalment; 30% of the required annual payment for the second instalment; 20% of the required annual payment for the third instalment; and 20% of the required annual payment for the fourth instalment.