LCO No. 1457 1 of 1 General Assembly Proposed Bill No. 5601 January Session, 2019 LCO No. 1457 Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. LANOUE, 45th Dist. AN ACT REDUCING THE CORPORATION BUSINESS TAX RATE. Be it enacted by the Senate and House of Representatives in General Assembly convened: That chapter 208 of the general statutes be amended to reduce the 1 corporation business tax rate by fifty per cent. 2 Statement of Purpose: To reduce the tax burden on businesses by reducing the corporation business tax rate by fifty per cent.