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CT SB00026

Bill

Official Source

Status

Introduced

2/11/2020

Primary Sponsor

Eric Berthel

Click for details

Origin

Senate

2020 General Assembly

AI Summary

  • Exempts proceeds from the sale of agricultural land development rights to the state from Connecticut personal income tax
  • Applies to sales of development rights (not the land itself) on any agricultural land
  • Modifies Connecticut's general statutes to create this tax exemption
  • Introduced by Senator Berthel (32nd District) during the February 2020 legislative session
  • Referred to the Committee on Finance, Revenue and Bonding

Legislative Description

An Act Exempting From The Personal Income Tax Proceeds From The Sale Of Agricultural Land Development Rights To The State.

Last Action

Public Hearing 02/27

2/21/2020

Committee Referrals

Finance, Revenue and Bonding2/11/2020

Full Bill Text

No bill text available