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CT SB00723

Bill

Official Source

Status

Introduced

1/28/2013

Primary Sponsor

Andrea Stillman

Click for details

Origin

Senate

2013 General Assembly

AI Summary

  • Exempts farm assets from Connecticut estate tax when passed from a deceased individual to a child or sibling of the deceased
  • Exemption applies only when the child or sibling continues operating the farm
  • Amends Chapter 217 of the General Statutes
  • Intended to preserve family farm viability by preventing forced sale of farmland to pay estate taxes

Legislative Description

An Act Concerning An Exemption From The Estate Tax For Farm Assets.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

1/28/2013

Committee Referrals

Finance, Revenue and Bonding1/28/2013

Full Bill Text

No bill text available