General Assembly Proposed Bill No. 98 January Session, 2017 LCO No. 1266 *01266* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: SEN. BOUCHER, 26th Dist. General Assembly Proposed Bill No. 98 January Session, 2017 LCO No. 1266 *01266* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: SEN. BOUCHER, 26th Dist. AN ACT REPEALING THE CORPORATE INCOME TAX SURCHARGE. Be it enacted by the Senate and House of Representatives in General Assembly convened: That chapter 208 of the general statutes be amended to repeal the twenty per cent corporate income tax surcharge. Statement of Purpose: To provide economic growth incentives by reducing tax on businesses.