LCO No. 719 1 of 1
General Assembly Proposed Bill No. 5275
January Session, 2021
LCO No. 719
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 CONCERNING THE ESTATE TAX EXEMPTION THRESHOLD
AND THE GIFT TAX CAP.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That title 12 of the general statutes be amended to maintain the estate 1
tax exemption threshold at its current level and eliminate the fifteen-2
million-dollar cap on the gift tax. 3
Statement of Purpose:
To maintain the estate tax exemption threshold at its current level and
eliminate the gift tax cap.