Loading chat...

CT HB05711

Bill

Official Source

Status

Introduced

1/22/2019

Primary Sponsor

Gary Turco

Click for details

Origin

House of Representatives

2019 General Assembly

AI Summary

  • Establishes a personal income tax credit for first-time homebuyers equal to up to 10 percent of the house purchase price
  • Limits the maximum tax credit to $7,500 per eligible homebuyer
  • Requires the purchased house to serve as the primary residence of the buyer for at least five years from the date of purchase to qualify for the credit
  • Amends Title 12 of the Connecticut General Statutes to implement the tax credit program

Legislative Description

An Act Establishing A Credit Against The Personal Income Tax For The Purchase Of A House By First-time Homebuyers.

Last Action

Referred to Joint Committee on Housing

1/22/2019

Committee Referrals

Housing1/22/2019

Full Bill Text

No bill text available