General Assembly Proposed Bill No. 57 January Session, 2017 LCO No. 1137 *01137* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: SEN. FRANTZ, 36th Dist. General Assembly Proposed Bill No. 57 January Session, 2017 LCO No. 1137 *01137* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: SEN. FRANTZ, 36th Dist. AN ACT REDUCING THE CORPORATION BUSINESS TAX RATE. Be it enacted by the Senate and House of Representatives in General Assembly convened: That title 12 of the general statutes be amended to reduce the corporation business tax rate. Statement of Purpose: To stimulate the state economy, help create jobs and attract businesses to the state by reducing the corporation business tax rate.