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CT SB00005

Bill

Official Source

Status

Introduced

1/4/2017

Primary Sponsor

Martin Looney

Click for details

Origin

Senate

2017 General Assembly

AI Summary

  • Increases the Connecticut estate tax exemption from $2,000,000 to $5,490,000 through three annual increments beginning January 1, 2018
  • Exemption amounts: $3,000,000 for deaths on or after January 1, 2018; $4,000,000 for deaths on or after January 1, 2019; $5,490,000 for deaths on or after January 1, 2020
  • Aligns Connecticut's estate tax exemption with the federal estate tax exemption level
  • Modifies section 12-391 of the general statutes
  • Referred to Committee on Finance, Revenue and Bonding

Legislative Description

An Act Increasing The Estate Tax Exemption.

Last Action

Public Hearing 03/03

2/27/2017

Committee Referrals

Finance, Revenue and Bonding1/4/2017

Full Bill Text

No bill text available