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CT HB05244
Bill
Status
Introduced
1/14/2025
Primary Sponsor
Tom Delnicki
Click for details
AI Summary
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Authorizes municipalities to offer property tax abatements to first-time homebuyers who obtain loans through the Connecticut Housing Finance Authority
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Limits abatement amount to no more than $500 per assessment year
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Restricts the abatement period to a maximum of five assessment years
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Creates a municipal option, allowing individual towns and cities to decide whether to implement the program
Legislative Description
An Act Concerning Real Property Tax Abatements For Certain First-time Homebuyers.
Last Action
Referred to Joint Committee on Housing
1/14/2025
Committee Referrals
Housing1/14/2025
Full Bill Text
No bill text available