Connecticut § 12-345a Taxation of property transferred by exercise or nonexercise of a power of appointment.

Connecticut Statutes

§ 12-345a — Taxation of property transferred by exercise or nonexercise of a power of appointment.

Connecticut § 12-345a

Title 12Taxation

Ch. 216Succession and Transfer Taxes

This text of Connecticut § 12-345a (Taxation of property transferred by exercise or nonexercise of a power of appointment.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 12-345a (2026).

Text

Section 12-345a is repealed, effective May 24, 1972, and retroactive to January 1, 1972. All estates of persons dying before January 1, 1972, shall be subject to the succession tax laws applicable to them prior to January 1, 1972, and such laws are continued in force for that purpose.

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Legislative History

(1969, P.A. 796, S. 1, 2; 1972, P.A. 290, S. 5.) Application to donee's exercise or nonexercise of a power of appointment re a marital deduction trust; nonvesting of property in decedent does not prevent taxation; application is not invalid for retroactivity; history of provision. 166 C. 581. Statute reaches transfer of economic benefits to appointee upon exercise of power of appointment by donee and to taker in default by omission of its exercise notwithstanding prior taxation in donee's estate. 173 C. 232. Cited. 32 CS 231.