The new Budget which was passed on 10-31-17 changed Connecticut Estate Taxes. Previously, Connecticut Estate Tax started when assets were over $2M and the federal amount was $5.49M. With rates up to 12%, the Connecticut tax was material. However, Connecticut has just equalized the Estate Tax with the federal tax over the next three years, starting with estates after 1-1-18. This change will help the “smaller” taxpayers and help Connecticut retain its retirees.