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CT HB05086
Bill
Status
Introduced
2/15/2022
Primary Sponsor
Geoffrey Luxenberg
Click for details
AI Summary
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Amends section 12-701 of the general statutes to create a $25,000 annual personal income tax deduction for homeowners with concrete foundations deteriorated due to pyrrhotite.
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Eligible homeowners must not have received financial assistance from the Crumbling Foundations Assistance Fund.
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Deduction can be claimed annually for up to five years or until the foundation is repaired or replaced, whichever occurs first.
Legislative Description
An Act Establishing A Personal Income Tax Deduction For Certain Homeowners With Crumbling Foundations.
Last Action
Referred to Joint Committee on Finance, Revenue and Bonding
2/15/2022
Committee Referrals
Finance, Revenue and Bonding2/15/2022
Full Bill Text
No bill text available