LCO No. 2365 1 of 1 General Assembly Proposed Bill No. 6843 January Session, 2019 LCO No. 2365 Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. DATHAN, 142nd Dist. AN ACT PHASING OUT THE ESTATE AND GIFT TAXES. Be it enacted by the Senate and House of Representatives in General Assembly convened: That the general statutes be amended to phase out the estate and 1 gift taxes over a four-year period. 2 Statement of Purpose: To phase out the estate and gift taxes over four years.