LCO No. 717 1 of 1
General Assembly Proposed Bill No. 5274
January Session, 2021
LCO No. 717
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
REP. DOUCETTE, 13th Dist.
REP. ELLIOTT, 88th Dist.
REP. LEMAR, 96th Dist.
REP. PHIPPS, 100th Dist.
REP. WINKLER, 56th Dist.
AN ACT ESTABLISHING A SURCHARGE ON CAPITAL GAINS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That title 12 of the general statutes be amended to establish a 1
surcharge of one and one-half per cent of the net gain from the sale or 2
exchange of capital assets on a taxpayer whose Connecticut adjusted 3
gross income is equal to or greater than the threshold amount specified 4
in section 12-700 of the general statutes for imposition of the highest 5
marginal rate on such taxpayer. 6
Statement of Purpose:
To establish a surcharge of one and one-half per cent of the net gain from
the sale or exchange of capital assets on certain taxpayers.