General Assembly Proposed Bill No. 62 January Session, 2017 LCO No. 1135 *01135* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: SEN. FRANTZ, 36th Dist. General Assembly Proposed Bill No. 62 January Session, 2017 LCO No. 1135 *01135* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: SEN. FRANTZ, 36th Dist. AN ACT REPEALING 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 repeal the gift tax. Statement of Purpose: To repeal the gift tax.