Substitute House Bill No. 6940

Public Act No. 05-251


TAX CHANGES 2005 - Repeal of Succession/Estate Tax, Enactment of CT Estate Tax on Estates of $2M or more

Sec. 66(d) Repeal of Succession Tax on Class B Beneficiaries

Sec. 66(e) Repeal of Succession Tax on Class C Beneficiaries

Sec. 67 Repeal of Gift Tax eff. 1/1/2005

Sec. 69(d) New Connecticut estate tax eff. 1/1/2005 on estates of $2 million +

Sec. 69(f) Connecticut QTIP election

Sec. 70 Requirement that all estates file CT estate tax return


General Assembly

File No. 792

    January Session, 2005

Substitute House Bill No. 6940

House of Representatives, May 22, 2005

The Committee on Finance, Revenue and Bonding reported through REP. STAPLES of the 96th Dist., Chairperson of the Committee on the part of the House, that the substitute bill ought to pass.

"AN ACT INCREASING THE AUTHORITY OF THE TREASURER WITH RESPECT TO THE USE OF UNAPPROPRIATED GENERAL FUND SURPLUS IN EXCESS OF THAT TRANSFERRED TO THE BUDGET RESERVE FUND. "