General Assembly Proposed Bill No. 60 February Session, 2016 LCO No. 823 *00823* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: SEN. BOUCHER, 26th Dist. General Assembly Proposed Bill No. 60 February Session, 2016 LCO No. 823 *00823* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: SEN. BOUCHER, 26th Dist. AN ACT PHASING OUT THE ESTATE TAX. Be it enacted by the Senate and House of Representatives in General Assembly convened: That the general statutes be amended to phase out the estate tax by reducing it by one per cent each year beginning in 2016. Statement of Purpose: To provide tax relief by phasing out the estate tax.