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CT SB00602

Bill

Status

Introduced

1/25/2019

Primary Sponsor

Henri Martin

Click for details

Origin

Senate

2019 General Assembly

AI Summary

  • Establishes a personal income tax credit of up to $2,000 for first-time homebuyers who deposit funds in a restricted account for home purchase
  • Credit may be claimed either in the taxable year when the first home is purchased or in the taxable year when funds are deposited into the account
  • Applies only to individuals who meet the definition of first-time homebuyers under the bill
  • Referred to Committee on Finance, Revenue and Bonding
  • Introduced by Senator Martin from the 31st District during the January 2019 session

Legislative Description

An Act Establishing A Credit Against The Personal Income Tax For Certain First-time Homebuyers.

Last Action

Public Hearing 03/04

2/28/2019

Committee Referrals

Finance, Revenue and Bonding1/25/2019

Full Bill Text

No bill text available