General Assembly Proposed Bill No. 122 January Session, 2017 LCO No. 1124 *01124* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: SEN. MARTIN, 31st Dist. General Assembly Proposed Bill No. 122 January Session, 2017 LCO No. 1124 *01124* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: SEN. MARTIN, 31st Dist. AN ACT REPEALING THE BUSINESS ENTITY TAX. Be it enacted by the Senate and House of Representatives in General Assembly convened: That section 12-284b of the general statutes be repealed to eliminate the business entity tax. Statement of Purpose: To provide tax relief to businesses by eliminating the business entity tax.