Connecticut 2019 Regular Session

Connecticut House Bill HB05194 Compare Versions

Only one version of the bill is available at this time.
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33 LCO No. 789 1 of 1
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55 General Assembly Proposed Bill No. 5194
66 January Session, 2019
77 LCO No. 789
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1010 Referred to Committee on FINANCE, REVENUE AND
1111 BONDING
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1414 Introduced by:
1515 REP. DOUCETTE, 13th Dist.
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1919 AN ACT EXEMPTING CERTAIN BUSINESSES FROM THE BUSINESS
2020 ENTITY TAX.
2121 Be it enacted by the Senate and House of Representatives in General
2222 Assembly convened:
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2424 That section 12-284b of the general statutes be amended to exempt 1
2525 from the business entity tax businesses with less than one million 2
2626 dollars in ordinary business income annually. 3
2727 Statement of Purpose:
2828 To exempt from the business entity tax businesses with less than one
2929 million dollars in ordinary business income annually.