LCO No. 1297 1 of 1 General Assembly Proposed Bill No. 5643 January Session, 2021 LCO No. 1297 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 ESTATE 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 estate tax over 1 a five-year period commencing July 1, 2021. 2 Statement of Purpose: To phase out the estate tax over a five-year period.