"AN ACT REQUIRING A STUDY OF BUDGETED STATE AGENCIES WITH RESPECT TO THE EXPENDITURES AND REVENUES OF SUCH AGENCIES."

Connecticut Seal


General Assembly		*Amendment*
*February Session, 2006*		LCO No. 5219

	HB0584505219HRO
Offered by:
REP. FLOREN, 149^th Dist. REP. GIBBONS, 150^th Dist. REP. POWERS, 151^st Dist. REP. TYMNIAK, 133^rd Dist.

To: House Bill No. 5845

File No.

Cal. No.

(As Amended)

"AN ACT REQUIRING A STUDY OF BUDGETED STATE AGENCIES WITH RESPECT TO THE EXPENDITURES AND REVENUES OF SUCH AGENCIES. "

After the last section, add the following and renumber sections and internal references accordingly:

"Sec. 501. Subdivision (1) of subsection (c) of section 12-391 of the 2006 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2006):

(1) "Connecticut taxable estate" means (A) the gross estate less (i) allowable deductions, as determined under Chapter 11 of the Internal Revenue Code, (ii) the primary residence of an individual, and (iii) a working farm, plus (B) the aggregate amount of all Connecticut taxable gifts, as defined in section 12-643, as amended, made by the decedent for all calendar years beginning on or after January 1, 2005. The deduction for state death taxes paid under Section 2058 of said code shall be disregarded. "