{"data":{"id":"us-ct/conn.-gen.-stat.-12-642","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 12-642","heading":"Rate of tax. Aggregate limit on tax imposed.","body":"(a)(1) With respect to calendar years commencing prior to January 1, 2001, the tax imposed by section 12-640 for the calendar year shall be at a rate of the taxable gifts made by the donor during the calendar year set forth in the following schedule:\nAmount of Taxable Gifts |  | Rate of Tax\nNot over $25,000 |  | 1%\nOver $25,000 |  | $250, plus 2% of the excess\nbut not over $50,000 |  | over $25,000\nOver $50,000 |  | $750, plus 3% of the excess\nbut not over $75,000 |  | over $50,000\nOver $75,000 |  | $1,500, plus 4% of the excess\nbut not over $100,000 |  | over $75,000\nOver $100,000 |  | $2,500, plus 5% of the excess\nbut not over $200,000 |  | over $100,000\nOver $200,000 |  | $7,500, plus 6% of the excess\n |  | over $200,000\n(2) With respect to the calendar years commencing January 1, 2001, January 1, 2002, January 1, 2003, and January 1, 2004, the tax imposed by section 12-640 for each such calendar year shall be at a rate of the taxable gifts made by the donor during the calendar year set forth in the following schedule:\nAmount of Taxable Gifts |  | Rate of Tax\nOver $25,000 |  | $250, plus 2% of the excess\nbut not over $50,000 |  | over $25,000\nOver $50,000 |  | $750, plus 3% of the excess\nbut not over $75,000 |  | over $50,000\nOver $75,000 |  | $1,500, plus 4% of the excess\nbut not over $100,000 |  | over $75,000\nOver $100,000 |  | $2,500, plus 5% of the excess\nbut not over $675,000 |  | over $100,000\nOver $675,000 |  | $31,250, plus 6% of the excess\n |  | over $675,000\n(3) With respect to Connecticut taxable gifts, as defined in section 12-643, made by a donor during a calendar year commencing on or after January 1, 2005, but prior to January 1, 2010, including the aggregate amount of all Connecticut taxable gifts made by the donor during all calendar years commencing on or after January 1, 2005, but prior to January 1, 2010, the tax imposed by section 12-640 for the calendar year shall be at the rate set forth in the following schedule, with a credit allowed against such tax for any tax previously paid to this state pursuant to this subdivision:\nAmount of Taxable Gifts |  | Rate of Tax\nNot over $2,000,000 |  | None\nOver $2,000,000 |  |\nbut not over $2,100,000 |  | 5.085% of the excess over $0\nOver $2,100,000 |  | $106,800 plus 8% of the excess\nbut not over $2,600,000 |  | over $2,100,000\nOver $2,600,000 |  | $146,800 plus 8.8% of the excess\nbut not over $3,100,000 |  | over $2,600,000\nOver $3,100,000 |  | $190,800 plus 9.6% of the excess\nbut not over $3,600,000 |  | over $3,100,000\nOver $3,600,000 |  | $238,800 plus 10.4% of the excess\nbut not over $4,100,000 |  | over $3,600,000\nOver $4,100,000 |  | $290,800 plus 11.2% of the excess\nbut not over $5,100,000 |  | over $4,100,000\nOver $5,100,000 |  | $402,800 plus 12% of the excess\nbut not over $6,100,000 |  | over $5,100,000\nOver $6,100,000 |  | $522,800 plus 12.8% of the excess\nbut not over $7,100,000 |  | over $6,100,000\nOver $7,100,000 |  | $650,800 plus 13.6% of the excess\nbut not over $8,100,000 |  | over $7,100,000\nOver $8,100,000 |  | $786,800 plus 14.4% of the excess\nbut not over $9,100,000 |  | over $8,100,000\nOver $9,100,000 |  | $930,800 plus 15.2% of the excess\nbut not over $10,100,000 |  | over $9,100,000\nOver $10,100,000 |  | $1,082,800 plus 16% of the excess\n |  | over $10,100,000\n(4) With respect to Connecticut taxable gifts, as defined in section 12-643, made by a donor during a calendar year commencing on or after January 1, 2010, but prior to January 1, 2011, including the aggregate amount of all Connecticut taxable gifts made by the donor during all calendar years commencing on or after January 1, 2005, the tax imposed by section 12-640 for the calendar year shall be at the rate set forth in the following schedule, with a credit allowed against such tax for any tax previously paid to this state pursuant to this subdivision or pursuant to subdivision (3) of this subsection, provided such credit shall not exceed the amount of tax imposed by this section:\nAmount of Taxable Gifts |  | Rate of Tax\nNot over $3,500,000 |  | None\nOver $3,500,000 |  | 7.2% of the excess\nbut not over $3,600,000 |  | over $3,500,000\nOver $3,600,000 |  | $7,200 plus 7.8% of the excess\nbut not over $4,100,000 |  | over $3,600,000\nOver $4,100,000 |  | $46,200 plus 8.4% of the excess\nbut not over $5,100,000 |  | over $4,100,000\nOver $5,100,000 |  | $130,200 plus 9.0% of the excess\nbut not over $6,100,000 |  | over $5,100,000\nOver $6,100,000 |  | $220,200 plus 9.6% of the excess\nbut not over $7,100,000 |  | over $6,100,000\nOver $7,100,000 |  | $316,200 plus 10.2% of the excess\nbut not over $8,100,000 |  | over $7,100,000\nOver $8,100,000 |  | $418,200 plus 10.8% of the excess\nbut not over $9,100,000 |  | over $8,100,000\nOver $9,100,000 |  | $526,200 plus 11.4% of the excess\nbut not over $10,100,000 |  | over $9,100,000\nOver $10,100,000 |  | $640,200 plus 12% of the excess\n |  | over $10,100,000\n(5) With respect to Connecticut taxable gifts, as defined in section 12-643, made by a donor during a calendar year commencing on or after January 1, 2011, but prior to January 1, 2018, including the aggregate amount of all Connecticut taxable gifts made by the donor during all calendar years commencing on or after January 1, 2005, the tax imposed by section 12-640 for the calendar year shall be at the rate set forth in the following schedule, with a credit allowed against such tax for any tax previously paid to this state pursuant to this subdivision or pursuant to subdivision (3) or (4) of this subsection, provided such credit shall not exceed the amount of tax imposed by this section:\nAmount of Taxable Gifts |  | Rate of Tax\nNot over $2,000,000 |  | None\nOver $2,000,000 |  | 7.2% of the excess\nbut not over $3,600,000 |  | over $2,000,000\nOver $3,600,000 |  | $115,200 plus 7.8% of the excess\nbut not over $4,100,000 |  | over $3,600,000\nOver $4,100,000 |  | $154,200 plus 8.4% of the excess\nbut not over $5,100,000 |  | over $4,100,000\nOver $5,100,000 |  | $238,200 plus 9.0% of the excess\nbut not over $6,100,000 |  | over $5,100,000\nOver $6,100,000 |  | $328,200 plus 9.6% of the excess\nbut not over $7,100,000 |  | over $6,100,000\nOver $7,100,000 |  | $424,200 plus 10.2% of the excess\nbut not over $8,100,000 |  | over $7,100,000\nOver $8,100,000 |  | $526,200 plus 10.8% of the excess\nbut not over $9,100,000 |  | over $8,100,000\nOver $9,100,000 |  | $634,200 plus 11.4% of the excess\nbut not over $10,100,000 |  | over $9,100,000\nOver $10,100,000 |  | $748,200 plus 12% of the excess\n |  | over $10,100,000\n(6) With respect to Connecticut taxable gifts, as defined in section 12-643, made by a donor during a calendar year commencing on or after January 1, 2018, but prior to January 1, 2019, including the aggregate amount of all Connecticut taxable gifts made by the donor during all calendar years commencing on or after January 1, 2005, the tax imposed by section 12-640 for the calendar year shall be at the rate set forth in the following schedule, with a credit allowed against such tax for any tax previously paid to this state pursuant to this subdivision or pursuant to subdivision (3), (4) or (5) of this subsection, provided such credit shall not exceed the amount of tax imposed by this section:\nAmount of Taxable Gifts |  | Rate of Tax\nNot over $2,600,000 |  | None\nOver $2,600,000 |  | 7.2% of the excess\nbut not over $3,600,000 |  | over $2,600,000\nOver $3,600,000 |  | $72,000 plus 7.8% of the excess\nbut not over $4,100,000 |  | over $3,600,000\nOver $4,100,000 |  | $111,000 plus 8.4% of the excess\nbut not over $5,100,000 |  | over $4,100,000\nOver $5,100,000 |  | $195,000 plus 10% of the excess\nbut not over $6,100,000 |  | over $5,100,000\nOver $6,100,000 |  | $295,000 plus 10.4% of the excess\nbut not over $7,100,000 |  | over $6,100,000\nOver $7,100,000 |  | $399,000 plus 10.8% of the excess\nbut not over $8,100,000 |  | over $7,100,000\nOver $8,100,000 |  | $507,000 plus 11.2% of the excess\nbut not over $9,100,000 |  | over $8,100,000\nOver $9,100,000 |  | $619,000 plus 11.6% of the excess\nbut not over $10,100,000 |  | over $9,100,000\nOver $10,100,000 |  | $735,000 plus 12% of the excess\n |  | over $10,100,000\n(7) With respect to Connecticut taxable gifts, as defined in section 12-643, made by a donor during a calendar year commencing on or after January 1, 2019, but prior to January 1, 2020, including the aggregate amount of all Connecticut taxable gifts made by the donor during all calendar years commencing on or after January 1, 2005, the tax imposed by section 12-640 for the calendar year shall be at the rate set forth in the following schedule, with a credit allowed against such tax for any tax previously paid to this state pursuant to this subdivision or pursuant to subdivision (3), (4), (5) or (6) of this subsection, provided such credit shall not exceed the amount of tax imposed by this section:\nAmount of Taxable Gifts |  | Rate of Tax\nNot over $3,600,000 |  | None\nOver $3,600,000 |  | 7.8% of the excess\nbut not over $4,100,000 |  | over $3,600,000\nOver $4,100,000 |  | $39,000 plus 8.4% of the excess\nbut not over $5,100,000 |  | over $4,100,000\nOver $5,100,000 |  | $123,000 plus 10% of the excess\nbut not over $6,100,000 |  | over $5,100,000\nOver $6,100,000 |  | $223,000 plus 10.4% of the excess\nbut not over $7,100,000 |  | over $6,100,000\nOver $7,100,000 |  | $327,000 plus 10.8% of the excess\nbut not over $8,100,000 |  | over $7,100,000\nOver $8,100,000 |  | $435,000 plus 11.2% of the excess\nbut not over $9,100,000 |  | over $8,100,000\nOver $9,100,000 |  | $547,000 plus 11.6% of the excess\nbut not over $10,100,000 |  | over $9,100,000\nOver $10,100,000 |  | $663,000 plus 12% of the excess\n |  | over $10,100,000\n(8) With respect to Connecticut taxable gifts, as defined in section 12-643, made by a donor during a calendar year commencing on or after January 1, 2020, but prior to January 1, 2021, including the aggregate amount of all Connecticut taxable gifts made by the donor during all calendar years commencing on or after January 1, 2005, the tax imposed by section 12-640 for the calendar year shall be at the rate set forth in the following schedule, with a credit allowed against such tax for any tax previously paid to this state pursuant to this subdivision or pursuant to subdivision (3), (4), (5), (6) or (7) of this subsection, provided such credit shall not exceed the amount of tax imposed by this section:\nAmount of Taxable Gifts |  | Rate of Tax\nNot over $5,100,000 |  | None\nOver $5,100,000 |  | 10% of the excess\nbut not over $6,100,000 |  | over $5,100,000\nOver $6,100,000 |  | $100,000 plus 10.4% of the excess\nbut not over $7,100,000 |  | over $6,100,000\nOver $7,100,000 |  | $204,000 plus 10.8% of the excess\nbut not over $8,100,000 |  | over $7,100,000\nOver $8,100,000 |  | $312,000 plus 11.2% of the excess\nbut not over $9,100,000 |  | over $8,100,000\nOver $9,100,000 |  | $424,000 plus 11.6% of the excess\nbut not over $10,100,000 |  | over $9,100,000\nOver $10,100,000 |  | $540,000 plus 12% of the excess\n |  | over $10,100,000\n(9) With respect to Connecticut taxable gifts, as defined in section 12-643, made by a donor during a calendar year commencing on or after January 1, 2021, but prior to January 1, 2022, including the aggregate amount of all Connecticut taxable gifts made by the donor during all calendar years commencing on or after January 1, 2005, the tax imposed by section 12-640 for the calendar year shall be at the rate set forth in the following schedule, with a credit allowed against such tax for any tax previously paid to this state pursuant to this subdivision or pursuant to subdivision (3), (4), (5), (6), (7) or (8) of this subsection, provided such credit shall not exceed the amount of tax imposed by this section:\nAmount of Taxable Gifts |  | Rate of Tax\nNot over $7,100,000 |  | None\nOver $7,100,000 |  | 10.8% of the excess\nbut not over $8,100,000 |  | over $7,100,000\nOver $8,100,000 |  | $108,000 plus 11.2% of the excess\nbut not over $9,100,000 |  | over $8,100,000\nOver $9,100,000 |  | $220,000 plus 11.6% of the excess\nbut not over $10,100,000 |  | over $9,100,000\nOver $10,100,000 |  | $336,000 plus 12% of the excess\n |  | over $10,100,000\n(10) With respect to Connecticut taxable gifts, as defined in section 12-643, made by a donor during a calendar year commencing on or after January 1, 2022, but prior to January 1, 2023, including the aggregate amount of all Connecticut taxable gifts made by the donor during all calendar years commencing on or after January 1, 2005, the tax imposed by section 12-640 for the calendar year shall be at the rate set forth in the following schedule, with a credit allowed against such tax for any tax previously paid to this state pursuant to this subdivision or pursuant to subdivision (3), (4), (5), (6), (7), (8) or (9) of this subsection, provided such credit shall not exceed the amount of tax imposed by this section:\nAmount of Taxable Gifts |  | Rate of Tax\nNot over $9,100,000 |  | None\nOver $9,100,000 |  | 11.6% of the excess\nbut not over $10,100,000 |  | over $9,100,000\nOver $10,100,000 |  | $116,000 plus 12% of the excess\n |  | over $10,100,000\n(11) With respect to Connecticut taxable gifts, as defined in section 12-643, made by a donor during a calendar year commencing on or after January 1, 2023, including the aggregate amount of all Connecticut taxable gifts made by the donor during all calendar years commencing on or after January 1, 2005, the tax imposed by section 12-640 for the calendar year shall be at the rate set forth in the following schedule, with a credit allowed against such tax for any tax previously paid to this state pursuant to this subdivision or pursuant to subdivision (3), (4), (5), (6), (7), (8), (9) or (10) of this subsection, provided such credit shall not exceed the amount of tax imposed by this section:\nAmount of Taxable Gifts |  | Rate of Tax\nNot over the |  | None\nfederal basic exclusion amount |  |\nOver the |  | 12% of the excess over the\nfederal basic exclusion amount |  | federal basic exclusion amount\n(b) The tax imposed by section 12-640 shall be paid by the donor. If the gift tax is not paid when due the donee of any gift shall be personally liable for the tax to the extent of the value of the gift.\n(c) (1) With respect to Connecticut taxable gifts, as defined in section 12-643, made by a donor during a calendar year commencing on or after January 1, 2016, but prior to January 1, 2019, the aggregate amount of tax imposed by section 12-640 for all calendar years commencing on or after January 1, 2016, shall not exceed twenty million dollars.\n(2) With respect to Connecticut taxable gifts, as defined in section 12-643, made by a donor during a calendar year commencing on or after January 1, 2019, the aggregate amount of tax imposed by section 12-640 for all calendar years commencing on or after January 1, 2016, shall not exceed fifteen million dollars.","path":["TITLE 12. TAXATION","CHAPTER 228c. GIFT TAX"],"source_url":"https://www.cga.ct.gov/current/pub/chap_228c.htm#sec_12-642","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:00Z","sha256":"1eb3b37bde0c402d53e22f3e0793e45173d3629931ab4173ffdd84b577664d89","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-12-641","next":"us-ct/conn.-gen.-stat.-12-643"},"notice":"GroundRules: Original legal text. Not legal advice."}