General Assembly |
Proposed Bill No. 6358 |
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January Session, 2017 |
LCO No. 2197 | ||||
*02197* | |||||
Referred to Committee on FINANCE, REVENUE AND BONDING |
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Introduced by: |
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REP. MACLACHLAN, 35th Dist. |
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AN ACT EXEMPTING FAMILY-OWNED FARM LAND FROM THE ESTATE AND GIFT TAXES.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That title 12 of the general statutes be amended to exempt from the estate and gift taxes family-owned land classified as farm land pursuant to section 12-107c of the general statutes.
Statement of Purpose:
To prevent families from having to sell their farm land by exempting such land from the estate and gift taxes.