As part of his proposed budget presented to the General Assembly last week, Governor Lamont proposed the elimination of the Connecticut gift tax. Presently, and as noted in the Governor’s budget proposal, Connecticut is the only state with a gift tax. The Governor’s proposal would eliminate imposition of the gift tax but provide for a
While aspects of Connecticut’s income tax have received attention recently, somewhat lost in the conversation is the increase in the Connecticut estate and gift tax exemptions in 2019 and the planned increase in those exemptions over the next several years. Legislation passed during the 2018 session of the Connecticut General Assembly increased the exemption for
Before 2018 draws to a close, please join Marcum and Shipman & Goodwin for an in-depth look at how current tax developments and new provisions impact your tax planning for 2019 and beyond.
Shipman & Goodwin attorneys Louis Schatz, Danielle Ferrucci and David Bigger will join Marcum accountants and advisors as panelists. The discussion