AN ACT CONCERNING THE TREATMENT OF DEFERRED INCOME UNDER THE CONNECTICUT ALTERNATIVE MINIMUM TAX.


General Assembly		*Proposed Bill No. 7*
*February Session, 2012*		LCO No. 59

Referred to Committee on Finance, Revenue and Bonding
Introduced by:
SEN. FRANTZ, 36^th Dist.

AN ACT CONCERNING THE TREATMENT OF DEFERRED INCOME UNDER THE CONNECTICUT ALTERNATIVE MINIMUM TAX.

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

That subsection (d) of section 12-700a of the general statutes be amended to ensure that deferred income is not subject to double taxation.

Statement of Purpose:

To avoid the double taxation of certain deferred income under the Connecticut alternative minimum tax.