General Assembly Proposed Bill No. 5243 January Session, 2017 LCO No. 99 *00099* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. SREDZINSKI, 112th Dist. General Assembly Proposed Bill No. 5243 January Session, 2017 LCO No. 99 *00099* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. SREDZINSKI, 112th 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the Senate and House of Representatives in General Assembly convened: That section 12-284b of the general statutes be repealed, effective July 1, 2017, in order to eliminate the business entity tax. Statement of Purpose: To repeal the business entity tax.