Connecticut HB5139: AN ACT ESTABLISHING AN ESTATE TAX RECAPTURE FOR CERTAIN ESTATES AND AN ALTERNATIVE MINIMUM ESTATE TAX.

What the bill says

An act ESTABLISHING AN ESTATE TAX RECAPTURE FOR CERTAIN ESTATES AND AN ALTERNATIVE MINIMUM ESTATE TAX. Assembly convened: 1 That title 12 of the general statutes be amended to establish (1) an 2 estate tax recapture for estates that exceed the fifteen-million-dollar LCO No. 939 1 of 2 Proposed Bill No. 5139 3 limit on estate tax liability, and (2) an alternative minimum estate tax to 4 prevent the effective net tax rate from falling below two per cent. Statement of Purpose: To establish (1) an estate tax recapture for certain estates, and (2) an alternative minimum estate tax to prevent the ef.

From the introduced text:

AN ACT ESTABLISHING AN ESTATE TAX RECAPTURE FOR CERTAIN ESTATES AND AN ALTERNATIVE MINIMUM ESTATE TAX. Assembly convened: 1 That title 12 of the general statutes be amended to establish (1) an 2 estate tax recapture for estates that exceed the fifteen-million-dollar LCO No. 939 1 of 2 Proposed Bill No. 5139 3 limit on estate tax liability, and (2) an alternative minimum estate tax to 4 prevent the effective net tax rate from falling below two per cent. Statement of Purpose: To establish (1) an estate tax recapture for certain estates, and (2) an alternative minimum estate tax to prevent the effective net tax rate from falling below two per cent. LCO No. 939 2 of 2

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Sponsors

• Jason Doucette (D, 13) · primary sponsor
• Patrick Biggins (D, 11)
• Kevin Brown (D, 56)
• Marcus Brown (D, 127)
• Brandon Chafee (D, 33)
• Mike Demicco (D, 21)