Focus on what counts
Alerts

SALT Alert- Potential Connecticut Estate and Gift Tax Changes

February 21, 2017
view all archive

Connecticut Governor Dannel Malloy's budget plan proposes to phase-in an increase in the estate tax exemption from its current $2 million level to the federal level of more than $5 million over three years. In addition, the maximum lifetime cap on the total amount that could be paid under the estate and gift tax would be lowered from $20 million to $15 million. (Connecticut Governor Dannel Malloy Fiscal Year 2018-2019 Biennial Budget Address and Proposal, 02/08/2017.)

For more information, please contact a member of Citrin Cooperman's State and Local Tax Practice. 

Cookie Notice

This site uses cookies lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum.

X