General Assembly Proposed Bill No. 166
February Session, 2010 LCO No. 332
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
SEN. WITKOS, 8th Dist.
General Assembly
Proposed Bill No. 166
February Session, 2010
LCO No. 332
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
SEN. WITKOS, 8th Dist.
AN ACT CONCERNING AN EXEMPTION FROM THE BUSINESS ENTITY TAX.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That chapter 213a of the general statutes be amended to exempt from the business entity tax any S corporation or limited liability company with less than five thousand dollars in net profit for the year.
Statement of Purpose:
To exempt certain small businesses from the state business entity tax.