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CT HB06731
Bill
Status
2/5/2015
Primary Sponsor
Environment Committee
Click for details
AI Summary
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Modifies the definition of "Connecticut taxable estate" for decedents dying on or after January 1, 2015 to include a deduction for farm land classified as farm land under section 12-107c that the decedent owned at death.
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Limits the farm land deduction to an amount not greater than the Federal estate tax exemption.
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Applies the deduction to estates of decedents dying on or after January 1, 2015, and is effective from the date of passage.
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Amends section 12-391(c) of the general statutes regarding the calculation of Connecticut taxable estates.
Legislative Description
An Act Concerning The Treatment Of Certain Farm Land For Purposes Of The Estate Tax.
Last Action
Referred by House to Committee on Finance, Revenue and Bonding
3/31/2015