Conn. Gen. Stat. § 12-346 - Sec. 12-346. Transfers to Executors and Trustees in Lieu of Commissions.

If property is transferred to executors or trustees in lieu of their commissions or allowances for services rendered in connection with the settlement of the estate, the excess in value of the property so transferred, above the amount of commissions or allowances which would be payable in the absence of such transfer, shall be taxable.

(1949 Rev., S. 2025.)