General Assembly Proposed Bill No. 5430 January Session, 2017 LCO No. 1006 *01006* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. LAVIELLE, 143rd Dist. General Assembly Proposed Bill No. 5430 January Session, 2017 LCO No. 1006 *01006* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. LAVIELLE, 143rd Dist. AN ACT PHASING OUT CERTAIN TAXES. Be it enacted by the Senate and House of Representatives in General Assembly convened: That the general statutes be amended to phase out, over a five-year period, the personal income tax on Social Security benefits and pensions, the estate tax and the gift tax. Statement of Purpose: To make Connecticut more competitive with other states by phasing out certain taxes over a five-year period.