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CT SB00032
Bill
Status
Introduced
2/11/2020
Primary Sponsor
Robert Sampson
Click for details
AI Summary
- Amends Chapter 217 of Connecticut general statutes to raise the state estate tax threshold specifically for farms
- Aligns Connecticut's farm estate tax exemption with the federal estate tax threshold (currently $11.58 million per individual in 2020)
- Provides tax relief for farm families transferring agricultural property to heirs by reducing or eliminating state estate tax liability
- Referred to the Committee on Finance, Revenue and Bonding during the February 2020 session
Legislative Description
An Act Concerning The Threshold For Imposition Of The Estate Tax On Farms.
Last Action
Referred to Joint Committee on Finance, Revenue and Bonding
2/11/2020
Committee Referrals
Finance, Revenue and Bonding2/11/2020
Full Bill Text
No bill text available