Connecticut HB 5061: AN ACT CONCERNING THE PROPERTY TAX CREDIT AGAINST THE PERSONAL INCOME TAX FOR A PRIMARY RESIDENCE OR MOTOR VEHICLE.

Bill Text

LCO No. 605 1 of 1

General Assembly Proposed Bill No. 5061
February Session, 2026 LCO No. 605

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
REP. YACCARINO, 87th Dist.

AN ACT CONCERNING THE PROPERTY TAX CREDIT AGAINST THE
PERSONAL INCOME TAX FOR A PRIMARY RESIDENCE OR MOTOR
VEHICLE.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

That section 12-704c of the general statutes be amended to (1) increase 1
the maximum allowable credit against the personal income tax for a 2
person's primary residence or motor vehicle from three hundred dollars 3
to one thousand dollars, (2) increase the minimum allowable credit 4
threshold, and (3) expand eligibility for the credit by increasing the 5
qualifying Connecticut adjusted gross income thresholds set forth in 6
said section. 7
Statement of Purpose:
To (1) increase the maximum allowable credit against the personal
income tax for a person's primary residence or motor vehicle from three
hundred dollars to one thousand dollars, (2) increase the minimum
allowable credit threshold, and (3) expand eligibility for the credit by
increasing the qualifying Connecticut adjusted gross income thresholds
set forth in section 12-704c of the general statutes.