Establishes an estate tax recapture for certain estates and an alternative minimum estate tax.
The bill amends title 12 of the general statutes to create an estate tax recapture for estates exceeding fifteen million dollars and an alternative minimum estate tax to ensure the effective net tax rate does not fall below two percent. This measure aims to adjust the tax liability for certain estates and maintain a minimum tax rate.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.