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Bill > HB05139

CT HB05139

CT HB05139
An Act Establishing An Estate Tax Recapture For Certain Estates And An Alternative Minimum Estate Tax.

summary

Introduced
02/10/2026
In Committee
02/10/2026
Crossed Over
Passed
Dead
05/06/2026

Introduced Session

2026 General Assembly

Bill Summary

To establish (1) an estate tax recapture for certain estates, and (2) an alternative minimum estate tax to prevent the effective net tax rate from falling below two per cent.

AI Summary

This bill amends Connecticut's tax laws to introduce two new provisions related to estate taxes: an "estate tax recapture" for estates exceeding a $15 million limit on their tax liability, meaning additional tax might be collected if the initial tax calculation is lower than expected, and an "alternative minimum estate tax" designed to ensure that the actual percentage of tax paid on an estate's value does not drop below 2%, regardless of other deductions or credits that might reduce the tax burden.

Committee Categories

Budget and Finance

Sponsors (35)

Patrick Biggins (D)*,  Kevin Brown (D)*,  Marcus Brown (D)*,  Brandon Chafee (D)*,  Mike Demicco (D)*,  Jason Doucette (D)*,  Josh Elliott (D)*,  Kate Farrar (D)*,  Mary Fortier (D)*,  Nicholas Gauthier (D)*,  Jillian Gilchrest (D)*,  Bob Godfrey (D)*,  Ken Gucker (D)*,  William Heffernan (D)*,  Susan Johnson (D)*,  Eleni Kavros DeGraw (D)*,  Sarah Keitt (D)*,  Maryam Khan (D)*,  Roland Lemar (D)*,  Geoff Luxenberg (D)*,  Rebecca Martinez (D)*,  Nicholas Menapace (D)*,  Amy Morrin Bello (D)*,  Anthony Nolan (D)*,  Corey Paris (D)*,  Kara Rochelle (D)*,  Kaitlyn Shake (D)*,  Michael Shannon (D)*,  Travis Simms (D)*,  Derek Slap (D)*,  Laurie Sweet (D)*,  Gary Turco (D)*,  Steven Winter (D)*,  Saud Anwar (D),  Anne Hughes (D), 

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding (on 02/10/2026)

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