HB05009

Increases and expands property tax credit against personal income tax for primary residences and motor vehicles.

Connecticut HB05009 amends the general statutes to increase the maximum allowable credit against personal income tax for a primary residence or motor vehicle from $300 to $1,000. It also raises the minimum allowable credit threshold and expands eligibility by increasing the qualifying Connecticut adjusted gross income thresholds. This bill aims to provide greater tax relief for property owners and vehicle owners in Connecticut.