General Assembly Proposed Bill No. 5726 January Session, 2017 LCO No. 1351 *01351* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. FERRARO, 117th Dist. General Assembly Proposed Bill No. 5726 January Session, 2017 LCO No. 1351 *01351* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. FERRARO, 117th Dist. AN ACT REPEALING THE BUSINESS ENTITY 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 repeal the business entity tax. Statement of Purpose: To reduce the tax burden on businesses by repealing the business entity tax.