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CT HB05027

Bill

Official Source

Status

Introduced

2/7/2020

Primary Sponsor

Gary Turco

Click for details

Origin

House of Representatives

2020 General Assembly

AI Summary

  • Establishes a personal income tax credit for first-time homebuyers equal to up to 10% of the house purchase price, with a maximum credit of $5,000
  • Limits eligibility to unmarried individuals with incomes below $75,000 or married couples with incomes below $100,000
  • Requires the purchased house to be the primary residence of the homebuyer for at least 5 years from the date of purchase
  • Referred to the Committee on Finance, Revenue and Bonding during the February 2020 legislative session

Legislative Description

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

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/7/2020

Committee Referrals

Finance, Revenue and Bonding2/7/2020

Full Bill Text

No bill text available