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CT HB05599

Bill

Official Source

Status

Introduced

1/18/2019

Primary Sponsor

Christopher Davis

Click for details

Origin

House of Representatives

2019 General Assembly

AI Summary

  • Amends Title 12 of Connecticut General Statutes to allow affected business entities to opt out of the affected business entity tax established under sections 12-699 and 12-699a
  • Entities that opt out would instead be governed by applicable tax laws that existed prior to Public Act 18-49
  • The affected business entity tax applies by default if an entity does not affirmatively choose to opt out
  • Referred to Committee on Finance, Revenue and Bonding
  • Introduced by Rep. Davis C. (57th District) in January 2019 session

Legislative Description

An Act Allowing An Affected Business Entity To Choose Its Governing Tax Laws.

Last Action

Public Hearing 03/04

2/28/2019

Committee Referrals

Finance, Revenue and Bonding1/18/2019

Full Bill Text

No bill text available