General Assembly Proposed Bill No. 641 January Session, 2011 LCO No. 614 Referred to Committee on Finance, Revenue and Bonding Introduced by: SEN. KELLY, 21st Dist. General Assembly Proposed Bill No. 641 January Session, 2011 LCO No. 614 Referred to Committee on Finance, Revenue and Bonding Introduced by: SEN. KELLY, 21st 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the Senate and House of Representatives in General Assembly convened: That section 12-284b of the general statutes be repealed.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 tax relief to small businesses by repealing the business entity tax.