AN ACT CONCERNING THE REPEAL OF THE BUSINESS ENTITY TAX.


General Assembly		*Proposed Bill No. 5247*
*February Session, 2008*		LCO No. 605

Referred to Committee on Finance, Revenue and Bonding
Introduced by:
REP. PERONE, 137th Dist.

AN ACT CONCERNING THE REPEAL OF THE BUSINESS ENTITY TAX.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That the general statutes be amended to repeal the business entity tax.

Statement of Purpose:

To eliminate the two-hundred-fifty-dollar annual tax on limited liability companies, limited liability partnerships, limited partnerships and S corporations.