General Assembly Proposed Bill No. 5849 January Session, 2011 LCO No. 1616 Referred to Committee on Finance, Revenue and Bonding Introduced by: REP. LEGEYT, 17th Dist. General Assembly Proposed Bill No. 5849 January Session, 2011 LCO No. 1616 Referred to Committee on Finance, Revenue and Bonding Introduced by: REP. LEGEYT, 17th 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 section 12-284b of the general statutes be amended to exempt businesses whose gross valuation of their book of business is less than ten thousand dollars. Statement of Purpose: To exempt certain businesses from the business entity tax.