Connecticut-2016-SB00063-Introduced


General Assembly		*Proposed Bill No. 63*
*February Session, 2016*		LCO No. 824
		00824
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
SEN. BOUCHER, 26th Dist.

AN ACT PHASING OUT THE GIFT TAX.

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 by reducing it by one per cent each year beginning in 2016.

Statement of Purpose:

To provide tax relief by phasing out the gift tax.