O F F I C E O F L E G I S L A T I V E R E S E A R C H
P U B L I C A C T S U M M A R Y
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PA 22-110—sHB 5475
Finance, Revenue and Bonding Committee
AN ACT CONCERNING THE LEGISLATIVE COMMISSIONERS'
RECOMMENDATIONS FOR MINOR AND TECHNICAL REVISIONS TO
THE TAX AND RELATED STATUTES
SUMMARY: This act makes numerous minor and technical changes in state tax
and other related statutes. Among its changes, the act:
1. corrects statutory references to personal property declarations required
under CGS § 12-41 (§§ 2 & 4-9),
2. eliminates obsolete provisions (§§ 12-13 & 24),
3. reestablishes definitions of “federal basic exclusion amount” under the
estate and gift tax laws and corrects a reference to the taxable threshold for
filing estate tax returns (§§ 15-17), and
4. makes a technical correction to the effective date of a provision in the FY
22-23 budget implementer act authorizing ambulatory surgical centers
(ASCs) to file written refund claims (§ 44).
EFFECTIVE DATE: October 1, 2022, except the ASC filing effective date
correction takes effect upon passage.
TECHNICAL CORRECTIONS TO THE ESTATE AND GIFT TAX LAWS
The act (1) reestablishes definitions of “federal basic exclusion amount” for
purposes of the estate and gift tax laws and (2) corrects a reference to the taxable
threshold for filing estate tax returns with the revenue services commissioner.
Under the act, the “federal basic exclusion amount” for the estate tax is the
dollar amount published annually by the Internal Revenue Service (IRS) at which
a decedent would be required to file a federal estate tax return based on the value
of his or her gross estate and federal taxable gifts. For the gift tax, it is the IRS-
published dollar amount over which a donor would owe federal gift tax based on
the value of the donor’s federally taxable gifts. The same definitions applied under
prior law (before PAs 18-49 and -81).
BACKGROUND
Related Acts
PA 22-117, §§ 17-19, includes the same corrections to the estate and gift tax
laws and ASC filing effective date provision. PA 22-118, §§ 436 & 515, eliminates
the ASC tax beginning July 1, 2022.