General Assembly Proposed Bill No. 6554
January Session, 2017 LCO No. 3083
*03083*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. PORTER, 94th Dist. REP. ALBIS, 99th Dist. REP. LEMAR, 96th Dist. REP. LESSER, 100th Dist. REP. ELLIOTT, 88th Dist. SEN. WINFIELD, 10th Dist. REP. WALKER, 93rd Dist. REP. ABERCROMBIE, 83rd Dist. REP. BAKER, 124th Dist. REP. BARAM, 15th Dist. REP. BERGER, 73rd Dist. REP. BUTLER, 72nd Dist. SEN. BYE, 5th Dist. REP. CANDELARIA, 95th Dist. REP. BOYD, 50th Dist. REP. COOK, 65th Dist. REP. DILLON, 92nd Dist. REP. D'AGOSTINO, 91st Dist. SEN. GOMES, 23rd Dist. REP. GONZALEZ, 3rd Dist. REP. HADDAD, 54th Dist. REP. CURREY, 11th Dist. REP. MCCRORY, 7th Dist. SEN. FLEXER, 29th Dist. REP. MCGEE, 5th Dist. SEN. GERRATANA, 6th Dist. REP. MORRIS, 140th Dist. REP. GODFREY, 110th Dist. REP. REYES, 75th Dist. REP. ROSARIO, 128th Dist. REP. SANTIAGO, 130th Dist. REP. SCANLON, 98th Dist. REP. JOHNSON, 49th Dist. REP. TERCYAK, 26th Dist. REP. VARGAS, 6th Dist.
General Assembly
Proposed Bill No. 6554
January Session, 2017
LCO No. 3083
*03083*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. PORTER, 94th Dist.
REP. ALBIS, 99th Dist.
REP. LEMAR, 96th Dist.
REP. LESSER, 100th Dist.
REP. ELLIOTT, 88th Dist.
SEN. WINFIELD, 10th Dist.
REP. WALKER, 93rd Dist.
REP. ABERCROMBIE, 83rd Dist.
REP. BAKER, 124th Dist.
REP. BARAM, 15th Dist.
REP. BERGER, 73rd Dist.
REP. BUTLER, 72nd Dist.
SEN. BYE, 5th Dist.
REP. CANDELARIA, 95th Dist.
REP. BOYD, 50th Dist.
REP. COOK, 65th Dist.
REP. DILLON, 92nd Dist.
REP. D'AGOSTINO, 91st Dist.
SEN. GOMES, 23rd Dist.
REP. GONZALEZ, 3rd Dist.
REP. HADDAD, 54th Dist.
REP. CURREY, 11th Dist.
REP. MCCRORY, 7th Dist.
SEN. FLEXER, 29th Dist.
REP. MCGEE, 5th Dist.
SEN. GERRATANA, 6th Dist.
REP. MORRIS, 140th Dist.
REP. GODFREY, 110th Dist.
REP. REYES, 75th Dist.
REP. ROSARIO, 128th Dist.
REP. SANTIAGO, 130th Dist.
REP. SCANLON, 98th Dist.
REP. JOHNSON, 49th Dist.
REP. TERCYAK, 26th Dist.
REP. VARGAS, 6th Dist.
AN ACT CONCERNING THE TAX TREATMENT OF INVESTMENT FUND NET PROFITS ATTRIBUTABLE TO CERTAIN INVESTMENT MANAGEMENT SERVICES.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to specify that net profits of investment funds attributable to certain investment management services performed by fund managers shall be treated as ordinary income subject to the corporation business and personal income taxes, rather than as investment profits subject to the capital gains tax.
Statement of Purpose:
To provide tax parity for financial services professionals.