| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | ||
| 3 | 3 | LCO No. 1848 1 of 2 | |
| 4 | 4 | ||
| 5 | 5 | General Assembly Proposed Bill No. 5865 | |
| 6 | 6 | January Session, 2021 | |
| 7 | 7 | LCO No. 1848 | |
| 8 | 8 | ||
| 9 | 9 | ||
| 10 | 10 | Referred to Committee on FINANCE, REVENUE AND | |
| 11 | 11 | BONDING | |
| 12 | 12 | ||
| 13 | 13 | ||
| 14 | 14 | Introduced by: | |
| 15 | 15 | REP. ELLIOTT, 88 | |
| 16 | 16 | th Dist. | |
| 17 | 17 | REP. HUGHES, 135 | |
| 18 | 18 | th Dist. | |
| 19 | 19 | REP. JOHNSON, 49 | |
| 20 | 20 | th Dist. | |
| 21 | 21 | REP. CANDELARIA, 95 | |
| 22 | 22 | th Dist. | |
| 23 | 23 | REP. TURCO, 27 | |
| 24 | 24 | th Dist. | |
| 25 | 25 | REP. GODFREY, 110 | |
| 26 | 26 | th Dist. | |
| 27 | 27 | ||
| 28 | 28 | REP. WINKLER, 56 | |
| 29 | 29 | th Dist. | |
| 30 | 30 | REP. LEMAR, 96 | |
| 31 | 31 | th Dist. | |
| 32 | 32 | REP. ZIOGAS, 79 | |
| 33 | 33 | th Dist. | |
| 34 | 34 | REP. PHIPPS, 100 | |
| 35 | 35 | th Dist. | |
| 36 | 36 | SEN. LOPES, 6 | |
| 37 | 37 | th Dist. | |
| 38 | 38 | ||
| 39 | 39 | ||
| 40 | 40 | ||
| 41 | 41 | ||
| 42 | 42 | AN ACT CONCERNING THE TAX TREATMENT OF INVESTMENT | |
| 43 | 43 | FUND NET PROFITS ATTRIBUTABLE TO CERTAIN INVESTMENT | |
| 44 | 44 | MANAGEMENT SERVICES. | |
| 45 | 45 | Be it enacted by the Senate and House of Representatives in General | |
| 46 | 46 | Assembly convened: | |
| 47 | 47 | ||
| 48 | 48 | That the general statutes be amended to specify that net profits of 1 | |
| 49 | 49 | investment funds attributable to certain investment management 2 | |
| 50 | 50 | services performed by fund managers shall be treated as ordinary 3 | |
| 51 | 51 | income subject to the corporation business and personal income taxes, 4 | |
| 52 | 52 | rather than as investment profits subject to the capital gains tax. 5 | |
| 53 | 53 | Statement of Purpose: | |
| 54 | 54 | To specify that net profits of investment funds attributable to certain | |
| 55 | 55 | investment management services performed by fund managers be | |
| 56 | 56 | treated as ordinary income subject to the corporation business and Proposed Bill No. 5865 | |
| 57 | 57 | ||
| 58 | 58 | ||
| 59 | 59 | LCO No. 1848 2 of 2 | |
| 60 | 60 | ||
| 61 | 61 | personal income taxes, rather than as investment profits subject to the | |
| 62 | 62 | capital gains tax. |