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CT SB00602
Bill
Status
Introduced
1/25/2019
Primary Sponsor
Henri Martin
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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