LCO No. 1296 1 of 1
General Assembly Proposed Bill No. 5642
January Session, 2021
LCO No. 1296
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
REP. WOOD, 141st Dist.
REP. WOOD, 29th Dist.
REP. MESKERS, 150th Dist.
AN ACT PHASING OUT THE GIFT TAX OVER FIVE YEARS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That the general statutes be amended to phase out the gift tax over a 1
five-year period commencing July 1, 2021. 2
Statement of Purpose:
To phase out the gift tax over a five-year period.