LCO No. 370 1 of 1
General Assembly Proposed Bill No. 5489
January Session, 2019
LCO No. 370
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
REP. YACCARINO, 87th Dist.
AN ACT CONCERNING THE BONUS DEPRECIATION AND ASSET
EXPENSING DEDUCTION SCHEDULES AND PHASING OUT THE
CAPITAL STOCK TAX.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That title 12 of the general statutes be amended to allow bonus 1
depreciation and asset expensing deductions to be taken over two 2
years and to phase out the capital stock tax over three years. 3
Statement of Purpose:
To allow bonus depreciation and asset expensing deductions to be
taken over two years and to phase out the capital stock tax over three
years.