General Assembly Proposed Bill No. 5158 February Session, 2016 LCO No. 442 *00442* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. FERRARO, 117th Dist. General Assembly Proposed Bill No. 5158 February Session, 2016 LCO No. 442 *00442* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. FERRARO, 117th Dist. AN ACT REPEALING 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 repeal the business entity tax. Statement of Purpose: To repeal the business entity tax.