LCO No. 851 1 of 1 General Assembly Proposed Bill No. 5490 January Session, 2019 LCO No. 851 Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. CARNEY, 23rd Dist. AN ACT ELIMINATING 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the Senate and House of Representatives in General Assembly convened: That section 12-284b of the general statutes be repealed to eliminate 1 the business entity tax. 2 Statement of Purpose: To eliminate the business entity tax.