AN ACT INCREASING AND EXPANDING THE PROPERTY TAX CREDIT AGAINST THE PERSONAL INCOME TAX FOR A PRIMARY RESIDENCE OR MOTOR VEHICLE.

Summary

HB 5009 increases the maximum credit a Connecticut taxpayer can claim against personal income tax for a primary home or motor vehicle from $300 to $1,000. It also raises the minimum credit threshold and broadens who qualifies by lifting the adjusted gross income limits. The goal is to provide larger tax relief to more homeowners and vehicle owners.

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