LCO No. 365 1 of 1
General Assembly Proposed Bill No. 5188
January Session, 2019
LCO No. 365
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
REP. O'NEILL, 69th Dist.
AN ACT CONCERNING THE RETROACTIVE APPLICATION OF THE
BONUS DEPRECIATION TAX DEDUCTION.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That section 12-701 of the general statutes be amended to reverse 1
the retroactive application of the bonus depreciation tax deduction 2
enacted pursuant to section 11 of public act 18-49. 3
Statement of Purpose:
To reverse the retroactive application of the bonus depreciation tax
deduction enacted pursuant to section 11 of public act 18-49.