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CT HB06543

Bill

Official Source

Status

Introduced

2/26/2021

Primary Sponsor

Planning and Development Committee

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Origin

House of Representatives

2021 General Assembly

AI Summary

  • Increases the maximum income tax credit for property tax payments from $200 to $500 for taxable years beginning on or after January 1, 2022
  • Maintains the existing $200 credit cap for taxable years from January 1, 2016 through December 31, 2021
  • Credit limit applies per tax return, including married couples filing jointly who receive the same maximum as individual filers
  • Amends Section 12-704c(b)(1) of the general statutes
  • Effective upon passage and applicable to taxable years commencing on or after January 1, 2022

Legislative Description

An Act Increasing The Income Tax Credit For Property Tax Payments.

Last Action

File Number 305

4/7/2021

Committee Referrals

Planning and Development2/26/2021

Full Bill Text

No bill text available