General Assembly Proposed Bill No. 5217 January Session, 2011 LCO No. 413 Referred to Committee on Finance, Revenue and Bonding Introduced by: REP. BETTS, 78th Dist. General Assembly Proposed Bill No. 5217 January Session, 2011 LCO No. 413 Referred to Committee on Finance, Revenue and Bonding Introduced by: REP. BETTS, 78th Dist. AN ACT CONCERNING THE REPEAL OF THE BUSINESS ENTITY TAX. Be it enacted by the Senate and House of Representatives in General Assembly convened: That section 12-284b of the general statutes be repealed. Statement of Purpose: To provide economic relief to Connecticut businesses by eliminating the business entity tax.