LCO No. 1047 1 of 1 General Assembly Proposed Bill No. 6461 January Session, 2019 LCO No. 1047 Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. WOOD, 141st Dist. AN ACT ELIMINATING THE GIFT TAX. Be it enacted by the Senate and House of Representatives in General Assembly convened: That the general statutes be amended to eliminate the gift tax for 1 taxable years commencing on or after January 1, 2019. 2 Statement of Purpose: To eliminate the gift tax for taxable years commencing on or after January 1, 2019.