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CT HB05221

Bill

Official Source

Status

Introduced

2/16/2016

Primary Sponsor

Jesse MacLachlan

Click for details

Origin

House of Representatives

2016 General Assembly

AI Summary

  • Amends chapter 217 of the general statutes to exempt agricultural land from the estate tax
  • Applies to land classified as farm land for property tax assessment purposes under section 12-107c
  • Requires heirs to agree to preserve the exempted land as farm land for a minimum of 8 years
  • Intended to preserve farm land by reducing the estate tax burden on agricultural property transfers

Legislative Description

An Act Exempting Certain Agricultural Lands From The Estate Tax.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/16/2016

Committee Referrals

Finance, Revenue and Bonding2/16/2016

Full Bill Text

No bill text available