Connecticut HB 5284: AN ACT INCREASING PENALTIES FOR CERTAIN VEHICULAR CRIMES.

Bill Text

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General Assembly Substitute Bill No. 5284
February Session, 2026

AN ACT CONCERNING PROPERTY TAX ABATEMENT FOR CERTAIN
FIRST-TIME HOMEBUYERS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

Section 1. (NEW) (Effective October 1, 2026, and applicable to assessment 1
years commencing on or after October 1, 2026) Any municipality may, upon 2
approval by its legislative body or, in any town in which the legislative 3
body is a town meeting, by the board of selectmen, adopt an ordinance 4
allowing for the abatement of up to five hundred dollars, for a period 5
not exceeding five assessment years, of the real property taxes due upon 6
any residential property owned by a person who purchased such 7
property with funds provided to qualified first-time homebuyers by the 8
Connecticut Housing Finance Authority and which property is 9
encumbered by a mortgage financed, directly or indirectly, by the 10
Connecticut Housing Finance Authority. For the purposes of this 11
section, "residential property" means a single-family residential 12
dwelling that is the principal residence of the owner of such property. 13
This act shall take effect as follows and shall amend the following
sections:

Section 1 October 1, 2026, and
applicable to assessment
years commencing on or
after October 1, 2026
New section

Substitute Bill No. 5284

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PD Joint Favorable Subst.