Is the Federal Estate Tax Determined in the same manner as the Connecticut Succession Tax?
No. Furthermore, the Federal Tax Reform Act of 1976 and the Economic Recovery Tax Act of 1981 made major changes in the federal estate tax picture from that previously in effect. Under the new laws, a single schedule of rates applies to determine both gift and estate taxes. The laws are very complex, and it is suggested that a person seek professional assistance for an explanation of the law. At the time this pamphlet was being prepared, Congress was considering major changes to these taxes, including phased-in increases to the $600,000 exemption. Please consult with your tax advisor for the latest information. Effective for decedents dying on or after July 1,1997, those required to file a Connecticut Estate Tax Return must do so by filing one signed original with the Department of Revenue Services, 25 Sigourney Street, Hartford, CT 06106, and by filing a duplicate original with the Probate Court for the district in which the decedent last resided.
