OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http: //www. cga. ct. gov/ofa

sSB-1047

AN ACT CONCERNING THE CONNECTICUT UNIFORM TRANSFERS TO MINORS ACT.

As Amended by House "A" (LCO 8304)

House Calendar No. : 643

Senate Calendar No. : 466

OFA Fiscal Note

State Impact: None

Municipal Impact: None

Explanation

The bill is not expected to have a revenue impact since it does not alter the tax laws regarding gifts to minors.

House Amendment “A” made a procedural change regarding the withdrawal of assets from certain trusts, and has no fiscal impact.

The Out Years

State Impact: None

Municipal Impact: None