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CT HB06358

Bill

Official Source

Status

Introduced

1/23/2017

Primary Sponsor

Jesse MacLachlan

Click for details

Origin

House of Representatives

2017 General Assembly

AI Summary

  • Exempts family-owned land classified as farm land from estate and gift taxes under Connecticut law
  • Applies to farm land meeting the classification requirements in Connecticut General Statutes section 12-107c
  • Amends title 12 of the general statutes to establish the exemption
  • Intended to prevent families from being forced to sell farm land to cover estate and gift tax obligations
  • Referred to Committee on Finance, Revenue and Bonding in the January 2017 session

Legislative Description

An Act Exempting Family-owned Farm Land From The Estate And Gift Taxes.

Last Action

Public Hearing 03/03

2/27/2017

Committee Referrals

Finance, Revenue and Bonding1/23/2017

Full Bill Text

No bill text available