General Assembly Proposed Bill No. 5510 January Session, 2017 LCO No. 992 *00992* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. BOCCHINO, 150th Dist. General Assembly Proposed Bill No. 5510 January Session, 2017 LCO No. 992 *00992* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. BOCCHINO, 150th Dist. AN ACT PHASING OUT THE GIFT TAX. Be it enacted by the Senate and House of Representatives in General Assembly convened: That title 12 of the general statutes be amended to phase out the gift tax. Statement of Purpose: To phase out the gift tax.