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CT HB05088

Bill

Official Source

Status

Introduced

2/15/2022

Primary Sponsor

Kate Farrar

Click for details

Origin

House of Representatives

2022 General Assembly

AI Summary

  • Establishes a personal income tax credit for Low- to Moderate-Income taxpayers who purchase an electric bike, using U.S. Department of Housing and Urban Development income classifications.

  • Provides $1,000 tax credit for taxpayers with federal adjusted gross income of $50,000 or less.

  • Provides $500 tax credit for taxpayers with federal adjusted gross income over $50,000 to $100,000.

  • Provides $250 tax credit for taxpayers with federal adjusted gross income over $100,000.

Legislative Description

An Act Establishing A Credit Against The Personal Income Tax For Certain Taxpayers For The Purchase Of An Electric Bike.

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