General Assembly Proposed Bill No. 39 January Session, 2015 LCO No. 162 *00162* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: SEN. FRANTZ, 36th Dist. General Assembly Proposed Bill No. 39 January Session, 2015 LCO No. 162 *00162* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: SEN. FRANTZ, 36th Dist. AN ACT REPEALING THE GIFT TAX. Be it enacted by the Senate and House of Representatives in General Assembly convened: That the general statutes be amended to repeal the gift tax. Statement of Purpose: To repeal the gift tax.