General Assembly Proposed Bill No. 599 January Session, 2011 LCO No. 921 Referred to Committee on Finance, Revenue and Bonding Introduced by: SEN. BOUCHER, 26th Dist. General Assembly Proposed Bill No. 599 January Session, 2011 LCO No. 921 Referred to Committee on Finance, Revenue and Bonding Introduced by: SEN. BOUCHER, 26th Dist. AN ACT CONCERNING A PHASE-OUT OF THE ESTATE TAX. Be it enacted by the Senate and House of Representatives in General Assembly convened: That chapter 217 of the general statutes be amended to phase out the estate tax over a five-year period. Statement of Purpose: To phase out the estate tax over a five-year period.