General Assembly

  

Proposed Bill No. 372

 

January Session, 2015

  

LCO No. 1346

 

*01346*

Referred to Committee on FINANCE, REVENUE AND BONDING

 

Introduced by:

  

SEN. BOUCHER, 26th Dist.

  

AN ACT ELIMINATING THE GIFT AND ESTATE TAX.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That the general statutes be amended to (1) eliminate the gift tax, and (2) eliminate the estate tax over a five-year period at a rate of twenty per cent each year.

Statement of Purpose:

To eliminate the gift tax and phase out the estate tax.