A study commissioned by the General Assembly of the Connecticut Legislature last year concluded that Connecticut’s estate tax could not be ruled out as having a negative effect on the state’s economy. Despite these results and the ensuing flurry of estate and inheritance tax reform bills sponsored by Republican senators, the issue has seemingly faded into the background.
Since the study results were released, little actual progress has been made in the estate tax arena. The tax, which was revived in 2005 after a 10-year hiatus, has proved unpopular, yet apparently unchallenged. Democratic legislators point out that the commissioned study did not actually prove a link between the estate tax and an ailing economy; it simply stated that a connection could not be ruled out.
For legal advice regarding your estate, estate planning, or other probate matters, contact one of Slater & Kennon’s experienced Austin probate attorneys at 512-472-2431 today.
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