Connecticut HB05114 creates a refundable credit against personal income tax for rent payments on primary residences.

Connecticut HB05114 amends the general statutes to establish a refundable credit against the personal income tax for a portion of annual rent payments made by a taxpayer for a primary residence in the state. This credit is attributable to the property tax assessed on the rental property. The purpose is to provide financial relief to taxpayers who pay rent for their primary residence.

Connecticut HB05114 creates a refundable credit against personal income tax for rent payments on primary residences.

Connecticut HB05114 amends the general statutes to establish a refundable credit against the personal income tax for a portion of annual rent payments made by a taxpayer for a primary residence in the state. This credit is attributable to the property tax assessed on the rental property. The purpose is to provide financial relief to taxpayers who pay rent for their primary residence.