LCO No. 649 1 of 1 General Assembly Proposed Bill No. 5095 January Session, 2019 LCO No. 649 Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. GREEN, 55th Dist. AN ACT PHASING OUT THE ESTATE TAX OVER TEN YEARS. Be it enacted by the Senate and House of Representatives in General Assembly convened: That the general statutes be amended to phase out the estate tax 1 over a ten-year period. 2 Statement of Purpose: To phase out the estate tax over ten years.