Defeat proposed House Bill 7313, which seeks to impose a 19% surcharge tax on "any income derived from investment management". Watch this podcast from IRS Medic featuring CTHFA President, Bruce McGuire.
Work to create an enterprise zone for investment advisors modeled after existing CT Enterprise Zone legislation.
CT Investment Adviser Registration:
-Adoption of the SEC’s “relying adviser” approach – which would allow an investment adviser with a separate fund general partner entity to not have to register both the investment adviser and general partner entities.
-CT investment adviser registration: Implementation of 5 client de minimus exemption for investment advisers with regulatory AUM of less than $25 million (to match the same registration exemption in NY).
Reduce CT’s estate tax.
Eliminate the gift tax (CT is the only state with a gift tax!). Read what some of our wealthy citizens have to say about this tax Here.