Loading chat...

CT SB00027

Bill

Official Source

Status

Introduced

2/14/2022

Primary Sponsor

Martin Looney

Click for details

Origin

Senate

2022 General Assembly

AI Summary

  • Increase the property tax credit amount to $400 under Connecticut General Statutes section 12-704c
  • Reduce the recapture percentage from 15% to 10%
  • Increase recapture income thresholds to $50,250 for married individuals filing separately, $56,500 for unmarried individuals, $78,500 for heads of household, and $100,500 for married individuals filing jointly
  • Adjust the rate of reduction for married individuals filing separately from each $10,000 (or fraction thereof) to each $5,000 (or fraction thereof)

Legislative Description

An Act Increasing And Expanding The Property Tax Credit.

Last Action

Public Hearing 03/03

2/25/2022

Committee Referrals

Finance, Revenue and Bonding2/14/2022

Full Bill Text

No bill text available