General Assembly Proposed Bill No. 5112
February Session, 2016 LCO No. 918
*00918*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. WOOD, 141st Dist.
General Assembly
Proposed Bill No. 5112
February Session, 2016
LCO No. 918
*00918*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. WOOD, 141st Dist.
AN ACT CONCERNING 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 exempt the first $5.75 million from the estate tax to reflect the federal exemption.
Statement of Purpose:
To encourage Connecticut residents to continue to thrive in Connecticut by exempting the first $5.75 million from the estate tax to reflect the federal exemption.