General Assembly Proposed Bill No. 53
February Session, 2016 LCO No. 780
*00780*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
SEN. FRANTZ, 36th Dist.
General Assembly
Proposed Bill No. 53
February Session, 2016
LCO No. 780
*00780*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
SEN. FRANTZ, 36th Dist.
AN ACT REDUCING THE CORPORATION BUSINESS TAX RATE.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That chapter 208 of the general statutes be amended to reduce the corporation business tax rate from seven and one-half per cent to six per cent.
Statement of Purpose:
To reduce the corporation business tax rate from seven and one-half per cent to six per cent in order to stimulate the state economy, help create jobs and attract businesses to the state.