CT SB00295

Establishes a one-time tax credit against Connecticut's income tax (Chapter 229) for purchasers of newly constructed energy-efficient homes with a Home Energy Rating System Index score of 50 or less, or equivalent Energy Star certification, available for taxable years 2022-2025.

Credit amounts are $2,500 for individual filers and $5,000 for joint filers, claimed in the year of purchase by submitting a certificate from the Secretary of the Office of Policy and Management.

Requires the energy-efficient home be occupied as the purchaser's principal residence for at least three years after purchase, verified by property tax records, and not be a vacation or rental property.

Unused credits may be carried forward for up to five subsequent taxable years until fully applied, but cannot exceed the taxpayer's income tax liability in any given year.

If the home ceases to be the principal residence within the three-year requirement, the purchaser must forfeit the credit and remit a prorated amount to the Commissioner of Revenue Services based on the actual length of occupancy.