Bill Text: CT HB05093 | 2016 | General Assembly | Introduced
Bill Title: An Act Exempting Certain Farm Land From The Estate Tax.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2016-02-09 - Referred to Joint Committee on Finance, Revenue and Bonding [HB05093 Detail]
Download: Connecticut-2016-HB05093-Introduced.html
General Assembly |
Proposed Bill No. 5093 |
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February Session, 2016 |
LCO No. 331 | ||||
*00331* | |||||
Referred to Committee on FINANCE, REVENUE AND BONDING |
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Introduced by: |
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REP. DUBITSKY, 47th Dist. |
AN ACT EXEMPTING CERTAIN FARM LAND FROM THE ESTATE TAX.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That chapter 217 of the general statutes be amended to exempt from the estate tax land classified for property tax assessment purposes as farm land pursuant to section 12-107c of the general statutes provided the heirs agree to preserve such land as farm land for eight or more years.
Statement of Purpose:
To preserve farm land by exempting it from the estate tax provided such land remains farm land for eight or more years.